Corner Development Site on Queens Blvd
Buildable: 58,120 BSF + 29,500 BSF Sub-Level
Property type: Development Site
Lot Size: 11,624 Sq Ft
Lot Dimensions: 101' x 105' (irreg)
Zoning: R7X (C2-3)
Residential FAR: 5.0
Commercial FAR: 2.0
This site has a 1-story garage/office building on one of the most sought after boulevards in Queens. The building is approximately 1,800 Sqft comprised of 3 garage/office tenants of which the 1st tenant and the 2nd tenant are on a month-to-month lease. The 3rd tenant is considering leaving in the near future, but there is a mutual termination clause in the lease which gives new ownership the right to terminate the contracts. The property is currently grossing $192,000. The building is in a great position to develop as you have 58,120 BSF as of right, plus an additional 29,500 BSF of sub-level, and 101 square feet of frontage on Queens Blvd. The subject property is just a block away from the BQE entrance, 15-minute train ride to Citi Field, and a 10-minute train ride to the famed indoor mall at Queens Center. The property is located just a short walk from the 7 & LIRR subway and there are multiple bus routes that canvas the area, making Midtown Manhattan only a 15-minute commute.
Rowen is a New York Licensed Real Estate Salesperson in association with D. White, a licensed broker. Hire Rowen as your real estate agent to represent you in the purchase or sale of residential and commercial real estate. Locations include Brooklyn, Bronx, Queens, Long Island, Staten Island, and upstate NY.