132-07 41st Road - Downtown Flushing Redevelopment Site

Flushing, Queens, New York 11355

$2,900,000  

Listing ID Number

25653

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 132-07 41st road in Downtown Flushing, Queens.

132-07 41st Road is an approximately 2,280 square foot lot primed for redevelopment. Currently there exists an approximately 3,300 square foot two-story mixed-use building which is in knock-down condition.

The lot allows for up to 8,019 buildable square feet as of right for residential development, and up to 15,840 buildable square feet with a community facility bonus. The development rights at this property allow a potential investor or developer to capitalize on the rapidly growing demand for new construction residential and community facility space in Downtown Flushing. This intersection at College Point Boulevard experiences a high volume of average
daily traffic of over 28,000 cars. It is located three blocks south of Skyview Parc and less than a half mile to the 7 subway train, located at Main Street / Roosevelt Avenue. The Flushing Main Street LIRR station is also located within less than a half mile of the subject property. Additionally, multiple bus lines are available nearby including the Q58 bus line located just outside the building.

Overview

Building Type:Development/Conversion Sites
Location:132-07 41st Rd. Flushing, Queens
Block/Lot:5039/63
Lot Dimensions:20' x 114'
Lot Sq Ft:2,280
Buildable Sq. Ft:15,840
Zoning:R6
Taxes:$8,866

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com

Kevin Louie
Senior Associate
(718) 512 2627
kevin.louie@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.