CBRE announced today that it has been retained as the exclusive sales agent for 25-01 Queens Plaza North, a transit-oriented development site situated in the heart of Long Island City’s Central Business District. The property contains 243,736 zonable sq. ft. within a Qualified Opportunity Zone, providing future ownership with various tax benefits.
CBRE’s Daniel Kaplan and Elli Klapper are leading the sales and marketing efforts for the property.
“25-01 Queens Plaza North provides a unique development opportunity in the center of one of the nation’s fastest-growing neighborhoods with a limited supply of new development sites,” said CBRE’s Kaplan. “The property’s flexible zoning profile allows for the potential to construct a variety of different uses, including office, residential and life sciences.”
25-01 Queens Plaza North is a development site surrounded by a bevy of institutionally developed office and residential towers in the heart of Long Island City, one of the top emerging markets in New York. The site is connected to the Queensboro Plaza station via pedestrian bridge, providing direct access to the 7, N and Q trains and a quick commute to Grand Central Station and Hudson Yards. The neighboring low-rise buildings to the west of the site preserve unobstructed, extensive views of the Manhattan skyline.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
