Marcus & Millichap - Tri Borough Multi-Family

70-50 Queens Boulevard Queens

70-50 Queens Boulevard
, Queens
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Price: $12,100,000
Building Size: 72,581 Buildable Square Feet
Property Type: Development Site
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
Zac Golub
Tel: 212-430-5134
Zachary(dotted)Golub(at)marcusmillichap(dotted)com
Property Status: Sold
INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to offer 70-50 Queens Boulevard, located on the corner of 72nd Street and Queens Boulevard in the Woodside section of Queens, NY. The property includes a 1 story commercial building built 50 ft x 95.5 ft and sits on an irregular lot with 179 feet of frontage on Queens Blvd. 70-50 Queens Boulevard is zoned C2-3/R7X which allows for a maximum FAR of 5 with inclusionary housing and a 3.75 FAR “As of Right”. The total buildable square feet with inclusionary is 96,775 square feet with an “As of Right” total buildable square feet of 72,581 (Block: 2444, Lots: 40).

This property offers developers the rare opportunity to purchase a large development site with 179 ft of frontage on Queens Boulevard and C2-3/R7X allowing for 72,581 buildable square feet “As of Right” on the border of the Elmhurst and Woodside sections of Queens, New York.