Douglaston Acres Development Site

Douglaston, Flushing, New York 11362

Listing ID Number

25759

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 242-22 61st Avenue in Douglaston, Queens (‘the property’). The property is an approximately three acre lot placed in the heart of Douglaston.

242-22 61st Avenue is an ideal property for a medical / assisted living facility or residential development in a prime location. The site allows up to 157,565 buildable square feet for long-term care use, and up to ~244,288 buildable square feet for community facility use Additionally, an approximately 110,000 square foot residential development can be built. The residential market in Douglaston has been proven to be highly desirable and is experiencing a lack of product especially new construction condominiums - an ideal concept for this location. Ownership has conceptual plans for a long-term care / medical facility of 230,499 buildable square feet. It features on-site below grade parking, medical space, and a 200-bed long-term care facility.

242-22 61st Avenue is centrally located in Douglaston, Queens with convenient access to the Long Island Expressway, Cross Island Parkway, and the Grand Central Parkway, and is situated just south of the Douglaston Parkway exit on the Long Island Expressway. The Douglaston Golf Course is located adjacent to property, and the Douglaston Plaza shopping center is located immediately to the west of the property. The Douglaston Plaza shopping center is home to numerous credit tenants including Fairway Market, Burger King, Modell’s, and soon to be Lowe’s improvement store.

This is an extremely rare opportunity for acreage in this high barrier to entry marketplace. This site will offer sweeping 360’ views from the neighboring golf course carrying on to the NYC skyline to Long Island. The area carries some of highest household and per capita income levels throughout Queens and pair very well with the site accessibility.

Plans, Feasibility Studies, Pro-Formas, etc are all available upon request.

Overview

Building Type:Development/Conversion Sites
Location:Heart of Douglaston
Block/Lot:8286/186
Lot Dimensions:150.08' x 810'
approx.
Lot Sq Ft:122,100
approx.
Zoning:R4
FAR:1.29 / 2.0 / 0.9
senior care / community facility / residential

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.