LIC office building for sale could be prime for redevelopment

This office space and warehouse at the corner of 11th Street and 37th Avenue in Long Island City is on the market.
Photo courtesy of Cushman and Wakefield

It’s ready for business, but a Long Island City office building and warehouse which recently hit the real estate market could be ripe for redevelopment in one of the borough’s hottest neighborhoods.

Brokers Cushman and Wakefield are offering the 15,000-square-foot, two-story building at 11-02/04 37th Ave. for an undisclosed amount, as all appropriate offers are being considered.

The ground floor has a 7,500-square-foot workshop with 20-foot-high ceilings and a mezzanine space. Above it is 7,500 square feet of office space, including a 2,500-square-foot expanse of cubical space along with executive offices, restrooms, a conference room and administrative areas.

The commercial structure is located four blocks north of the Ed Koch-Queensboro Bridge and within walking distance of the 21st Street-Queensbridge station on the F line and the 36th Avenue station on the N and Q lines.

Currently, the site is located within a manufacturing zoned district, but its size alone makes it a potential target for redevelopment in the ever-changing community.

By law, any potential residential plans would require the site to be rezoned through the Uniform Land Use Review Process, which involves public review and could take up to a year to complete.

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