Warehouse Right Near Queens Plaza Sells for $17 Million

The vacant warehouse at 41-21 28th Street, between 28th and 29th Streets, just sold for the hefty sum of $17,000,000. According to an old listing, the two-story building holds a total of 30,000 square feet. But zoning allows for much more space than currently built — the warehouse is built to a FAR of 1.75, but according to PropertyShark someone could build to a FAR of 8. The lot’s also zoned for both manufacturing and residential use. The buyer is behind “41-21 28th Street Acquisition LLC” with an address based in Manhattan. We’ve reached out to the brokers who listed the property to see what may be in this warehouse’s future… GMAP