144-14 38th Avenue, Flushing, NY 11354

Flushing, Flushing, New York 11354

$10,200,000  

Listing ID Number

25704

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 144-14 38th Avenue in Flushing, Queens.

144-14 38th Avenue is a fully-approved development site for a six-story residential / community facility building. Currently on the property is a building of approximately 10,359 square feet, which will need to be demolished. The lot is approximately 10,359 square feet with 50 feet of frontage on 38th Avenue.

The approved plans consist of a gross building area of approximately 40,436 including the cellar. The zoning floor area equates to 27,849.95 square feet on six stories. The residential portion consists of 30 apartment units, and the community facility space is located on a portion of the cellar and first floor. Additionally, the cellar will also feature 15 parking spaces. Ownership also has demolition plans fully approved.

144-14 38th Avenue is located in walking distance to Main Street/Downtown Flushing. The new mega-development Flushing Commons is located just two blocks west featuring brand new retail, and future home to new luxury condominiums The 7 subway train and LIRR are available in walking distance via Roosevelt Avenue / Flushing Main Street LIRR / Murray Hill LIRR .

Property inspections are by appointment only. Please inquire within.

Overview

Building Type:Development/Conversion Sites
Location:Flushing, Queens
Block/Lot:5024/16
Lot Dimensions:50 x 186
approx.
Lot Sq Ft:9,300
approx.
Buildable Sq. Ft:27849.95
approved
Zoning:R6

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Vice Chairman
(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.