54-27 Little Neck Parkway, Flushing, NY 11362

Little Neck, Queens, New York 11362

Ownership Requests Proposals

Listing ID Number

25613

Property Description

Cushman & Wakefield has been retained exclusively to arrange for the sale of 54-27 Little Neck Parkway, a rare opportunity to acquire a 1.5 acre development site in Little Neck, Queens.

54-27 Little Neck Parkway currently consists of an approximately 26,989 square foot religious building and school with on-site parking. The building will be delivered completely vacant with the exception of the existing school tenant, which is currently leasing on a month-to-month basis. The school occupies about 3,909 square feet and is paying $8,000 per month.

The property allows up to 34,415 buildable square feet for as of right residential development, and up to 68,829 buildable square feet with community facility bonus. The site is an ideal location for a number of uses including an educational facility, single-family homes, and medical facilities. Ownership is proposing an approximate 10,000 square foot build-back for religious use to be included in the potential development.

The Long Island Expressway is located less than a quarter-mile south, and the Q36 bus line is located just a few steps from the property providing a very convenient location for transportation. Additionally, Northern Boulevard is located about a half-mile north.

This is a great opportunity to develop in a highly sought after neighborhood in Northern Queens.

Inspections are by appointment only, please inquire within.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites, Special Use
Location:Little Neck, Queens
Block/Lot:8274/146, 157
Lot Dimensions:576' x 286.23'
irr.
Lot Sq Ft:68,829
approx.
Buildable Sq. Ft:68,829
max, approx.
Zoning:R1-2
Residential FAR:0.5
Commercial FAR:1.0
Building Sq Ft:26,989
approx.

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Vice Chairman
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.