A development site with over 200,000 buildable square feet in Long Island City has just hit the market, and it's asking $50 million. The site—located at 29-37 41st Avenue and marketed by the Address Group—comes with plans for a 30-story, 242-unit condo tower, with parking and the possibility of a 15-year tax abatement, pending Department of Buildings approval. The project would feature 197,356 residential square feet and 7,582 commercial square feet. [BBH]
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