NEW YORK, NY – June 9, 2016 – Ariel Property Advisors has been exclusively retained to sell 40-36 24th Street, a 75’ wide development site in Queens. Located in the Long Island City Special Zoning District/Dutch Kills Subdistrict, the property’s zoning gives developers the opportunity to build up to 22,500 square feet of manufacturing, retail and residential space. The asking price is $5.25 million.

With over 700 units completed since 2006 and another 900 in the pipeline, the Queens Plaza North/Dutch Kills sub-district of Long Island City is one of the most active neighborhoods for developers in New York City.

Exclusive agents Daniel Wechsler, Howard Raber, Michael A. Tortorici, and Victor Sozio are representing the seller, a private investor.

“Long Island City is becoming a twenty-four hour, seven days a week, live-work-play destination and 40-36 24th Street provides an opportunity for developers to be a part of this growing community,” said Ariel Property Advisor’s Vice President Daniel Wechsler.

The site is located 2 blocks from Queens Plaza and offers access to the 7, G, E, M, N, Q, R and F trains.

The neighborhood’s amenities include Brooklyn Boulders, Queensbridge Park and the Dutch Kills Central bar.