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Deals & Dealmakers

Former arts center in LIC now available for commercial use

Cushman & Wakefield has announced that the real estate services firm has been retained on an exclusive basis to lease 38-27 30th Street, a 25,089 s/f building in Long Island City, Queens.

For more than 20 years, 38-27 30th Street hosted the Fisher Landau Center for Art. A Cushman & Wakefield team consisting of Mitch Arkin, Joshua Kleinberg, Frank Liggio and James Cassidy is marketing the building for lease.

“Following the Landau Center’s closing, the building was renovated and repositioned for commercial use,” said Mitch Arkin of Cushman & Wakefield. “Today, the loft building offers a rare opportunity for single-tenant occupancy, with on-site parking, flexible floor plans, roof deck access, and proximity to transportation and cultural attractions, well-positioned for tech, non-profit or creative agency headquarters.”

38-27 30th Street comes to market for lease following several other Long Island City buildings that have been successfully repositioned from non-commercial use. This includes 27-01 Queens Plaza, a former Rolls Royce manufacturing building; the Standard Motor Products Building, opened as a furniture store in 1919; and 30-10 41st Avenue, a former stove manufacturing facility.

38-27 30th Street consists of three stories with a usable lower level. The building features one freight elevator and thirteen-foot ceilings throughout the property as well as 2,700 s/f of on-site parking. Economic development incentives for new tenants include Property Tax Abatement, Relocation and Employment Assistance Program (REAP), Energy Savings Program (ECSP) and Con Edison Business Incentive Rate (BIR).

The property is situated in proximity to the Queens Plaza and Northern Boulevard subway stations with access to the N, W, 7, E, M and R trains.

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