139-43 Queens Boulevard, Jamaica, NY 11435
Mixed-Use/Commercial Development Site with 200’ Queens Blvd. Frontage
For Sale - Asking Price $4,750,000
139-43 Queens Boulevard, Jamaica, NY 11435
For Sale - Asking Price $4,750,000
MODERN SPACES COMMERCIAL + INVESTMENT DIVISION HAS BEEN EXCLUSIVELY RETAINED TO ARRANGE FOR THE SALE OF 139-43 QUEENS BOULEVARD. LOCATED IN JAMAICA, ON QUEENS BLVD. AND OFF HILLSIDE AVE., THE SITE IS CURRENTLY OPERATED AS AN AUTO REPAIR SHOP, BUT IT WILL BE DELIVERED VACANT. PHASE I AND PHASE II ENVI-RONMENTAL SITE ASSESSMENTS HAVE ALREADY BEEN COMPLETED WITH NO REMEDIATION REQUIRED.
THE PROPERTY HAS A PROPOSED PLAN FOR AN “AS-OF-RIGHT” 5-STORY MIXED USE BUILDING WITH A GROSS FLOOR AREA OF 23,704 SF. THE ARCHITECT ENVISIONS THAT THE BUILDING WOULD CONSIST OF GROUND FLOOR COMMERCIAL SPACE, WITH UNDERGROUND PARKING, TOGETHER WITH 16 RESIDENTIAL UNITS ON THE 2ND THROUGH 5TH FLOORS, AS WELL AS AN AMENITY SPACE ON THE ROOF TOP. THE POTENTIAL ALSO EXISTS FOR OBTAINING AIR RIGHTS FROM THE ADJACENT REAR LOTS, THUS PERMITTING A MUCH LARGER DEVELOPMENT PROJECT.
A HIGHLY VISIBLE LOCATION WITH AN AVERAGE TRAFFIC VOLUME OF MORE THAN 20,000 VEHICLES PER DAY, THIS PROPERTY IS ALSO CONVENIENTLY LOCATED TO SEVERAL BUS AND SUBWAY LINES AND MANY RETAIL ESTABLISHMENTS.
Contact:
Michael Ellis: 917-796-6516 or michael.ellis@modernspacesnyc.com
Evan Daniel: 516-508-8189 or evan@modernspacesnyc.com