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According to the Commercial Observer, Brookfield Financial Real Estate Group is accepting bids for the 27-21 44th Drive development site near Court Square. The asking price: $23,500,000. According to the Observer, “The site is comprised of three adjoining lots zoned (R9/M1-5/LIC) for residential use, located mid-block between 44th Drive and Purves Street, with roughly 114,400 square feet of zoning floor area.” The bids for purchase are due by November 14th.

Long Island City Development Site Up for Sale [Commercial Observer] GMAP

Photo via Google Maps

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Brookfield Financial plans to put the site at 27-21 44th Drive on the market this week for $23,500,000, reports The Real Deal. The parcel is made up of three adjoining lots zoned R9/M1-5 for as-of-right residential use, and offers approximately 114,400 buildable square feet. The current owners assembled this site for just under $10,000,000, with two different purchases between 2011 and 2013.

Landowners Look to Double Their Money in LIC [TRD] GMAP
Photo via Google Maps