70-20 QUEENS BOULEVARD WOODSIDE | NY 11377
QUEENS BOULEVARD BLOCK-THROUGH DEVELOPMENT SITE ON QUEENS BOULEVARD
1 TABLE OF CONTENTS
3 Property Description 5 Property Information 7 Surrounding Developments 9 Location
TEAMPREUSS STEPHEN R. PREUSS Vice Chairman 718 512 2118 [email protected] ANDREAS EFTHYMIOU Director 718 512 2621 [email protected] RANI BENDARY Associate 718 512 2106 [email protected] 2 PROPERTY DESCRIPTION Cushman & Wakefield is pleased to announce that it has been retained on an exclusive basis to arrange for the sale of a prime block-through mixed-use development site located at 70-20 Queens Boulevard and 46-07 70th Street in Woodside, Queens. The subject property consists of two tax lots which features 68’ of frontage on Queens Boulevard, 30’ of frontage each on 70th Street and 47th Avenue. The lots are situated in a C2-3 / R7X zoning district allowing for 59,750 buildable sq. ft. (with inclusionary housing bonus).
70-20 Queens Boulevard is located on an actively developing corridor of Woodside. This area of Woodside is desirable for new construction. It has experienced an increase in new residents making it a highly appreciable and ideal location for new construction.
The entire site is currently vacant. All development potential and buildable square footage should be independently verified.
Property inspections are by appointment only. For more information please contact one of the exclusive agents.
ASKING PRICE $6,900,000 Price Per Buildable Sq. Ft. $115 Mandatory Inclusionary Housing Zone
3 4 ASKING PRICE $6,900,000 PRICE PER BUILDABLE SQ. FT. $115 Mandatory Inclusionary Housing Zone
5 Property Information
ADDRESS 70-20 QUEENS BLVD 46-07 70TH STREET BLOCK / LOT 2444 / 57 2444 / 8 LOT DIMENSIONS 69’ x 122’ 30’ X 145’ Irregular, approx. LOT SQ FT. 7,600 4,350 sq. ft., approx. GROSS LOT SQ. FT. 11,950 sq. ft., approx.
BUILDING DIMENSIONS 22’ X 35’ 20’ X 36’ Irregular, approx. BUILDING SQ. FT. 1,480 1,440 sq. ft., approx.
ZONING C2-3 / R7X FAR - RESIDENTIAL 5.0 (Mandatory Inclusionary Housing Zone) FAR - COMMERCIAL 2.0 BUILDABLE SQ. FT. 38,000 21,750 sq. ft., approx. GROSS BUILDABLE SQ. FT. 59,750 sq. ft., approx.
ASSESSMENT (20/21) $191,160 $34,157 REAL ESTATE TAXES (20/21) $20,142 $7,230 GROSS TAXES (20/21) $27,372
Tax Map QUEENS BOULEVARD
70TH ST 8
57 ST 72ND
47 AVENUE 6 Surrounding Developments
1 2 3 4
69-02 QUEENS BOULEVARD 72-01 QUEENS BOULEVARD 70-50 QUEENS BOULEVARD 70-65 QUEENS BOULEVARD MADISON REALTY CAPITAL “WOODSIDE GREEN” - HAKIMIAN CHETRIT GROUP 110,000 SF Mixed-Use Project 500,000 SF Mixed-Use Project ORGANIZATION 71,000 SF Commercial Project (Under Development) (Under Development) 300,000 SF Mixed-Use Project (Under Development) (Under Development) 5 6 7 8
70-33 QUEENS BOULEVARD 69-28 QUEENS BOULEVARD 70-09 45TH AVENUE 70-32 QUEENS BOULEVARD 36,000 SF Residential Project “J&J TOWER” – DEVELOPED IN 2016 DEVELOPED IN 2016 DEVELOPED IN 2014 (Under Development) 90,000 SF Mixed-Use Building 40,000 SF Residential Building 87,000 SF Mixed-Use Building (Under Development) (Under Development)
7 ASKING PRICE $6,900,000 PRICE PER BUILDABLE SQ. FT. $115 Mandatory Inclusionary Housing Zone
6 1 7 70-20 QUEENS BOULEVARD 70TH STREET
8
QUEENS BOULEVARD QUEENS BOULEVARD 5
3 8 2 4 Location
LONG ISLAND EXPWY
BROOKLYN-QUEENS EXPWY
70-20 QUEENS BOULEVARD 70TH STREET
9 QUEENS BOULEVARD HIGHLIGHTS MANHATTAN MTA SUBWAY STATION 40 street - lowery st MTA SUBWAY STATION MTA SUBWAY STATION 52 street - lincoln ave 61 street - Woodside
Distance to LIRR Woodside – 0.9 Miles
WOODSIDE Subway Lines MTA SUBWAY STATION Roosevelt - JH
Average travel time to Manhattan – 15 Min.
Distance to LaGuardia Airport - 3.5 Miles
ASKING PRICE $6,900,000 PRICE PER BUILDABLE SQ. FT. $115 Mandatory Inclusionary Housing Zone Proximity to the Brooklyn - Queens Expwy & Long Island Expressway 10 11 ASKING PRICE $6,900,000 PRICE PER BUILDABLE SQ. FT. $115 Mandatory Inclusionary Housing Zone
12 STEPHEN R. PREUSS Vice Chairman 718 512 2118 [email protected] ANDREAS EFTHYMIOU Director 718 512 2621 [email protected] RANI BENDARY Associate 718 512 2106 [email protected]