8718-8720 Queens Blvd, Elmhurst, Ny 11373 ± 29,280 Zfa | Corner Mixed-Use Development Site
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8718-8720 QUEENS BLVD, ELMHURST, NY 11373 ± 29,280 ZFA | CORNER MIXED-USE DEVELOPMENT SITE QUEENS CENTER MALL Address: 8718-8720 Queens Boulevard, Elmhurst, NY 11373 QUEENS PLACE MALL Location: Located on the southwesterly corner of Queens Boulevard and 55th Road BRIGHT AND SUNNY MANOR 90-02 Queens Boulevard Block/Lot: 2853/11 7-Story loft conversion Lot Dimension |Size: 66.08’ x 91.58’ | ± 6,100 JUSTICE TOWER Gross Square Footage: 3,372 18-Story Mixed-Use Building ±271,000 SF Project | 183 Condo Units Office SF: 1, 210 Retail SF: 2,162 SUBJECT PROPERTY: 8718-8720 QUEENS BLVD THE ELM EAST Mixed-Use Retail and Residential Project Zoning District: R6 Commercial Overlay: C1-3 Air Rights: 14,928 Constructed in 2015 83 Residential Units Residential FAR: 3.00 Residential ZFA: 18,300 Max As-of-Right ZFA: 18,300 Commercial FAR: 2.00 Commercial ZFA: 12,200 Frontage: 66.08’ RECENT SALE: GEORGIA DINER Facility FAR: 4.8 Facility ZFA: 29,280 Depth: 91.58’ $14.25MM Sold 2018 THE ELM WEST 6-Story Mixed-Use Building ±172,000 SF Project | 142 Rental Units AVAILABLE AT: $5,500,000 M R SUBWAY LINES ± 18,300 ZFA CORNER LOT MASS TRANSIT NEARBY AS-OF-RIGHT ON A MAJOR RETAIL THOROUGHFARE Development Site Advisors Group has been exclusively retained by ownership to sell 8718-8720 Queens Boulevard in the Elmhurst neighborhood of Queens, NY. The 66.08’ x 91.58’, ± 6,100 square foot, corner lot is currently improved by two (2) buildings, totaling 3,372 square feet + a curb cut parking lot. The site is in a Transit Zone and is zoned R6 with a C1-3 overlay, allowing for a ± 29,280 maximum buildable sf mixed-use project. 8718-8720 Queens Boulevard is located directly across from the recently sold Georgia Diner, the 18-story, 183-unit Justice Tower condo project and Queens Place Mall. It is also within walking distance (7-minute walk) from Queens Center Mall. The site is also nestled between two (2) subway stops, the 8718-8720 QUEENS BOULEVARD Grand Avenue-Newtown Station 1-block over and the Woodhaven Blvd Station (6-minute walk). For more information and to submit an offer, contact the exclusive advisory team. CONTACT EXCLUSIVE ADVISORY TEAM: Rubin Isak Lev Kimyagarov Michael Musto DEVELOPMENT SITE ADVISORS Managing Principal, Co-Founder Managing Prinicipal, Co-Founder Director 135 EAST 57TH STREET (212) 875-1800 x 1 (212) 875-1800 x 2 (212) 875-1800 x 6 18TH FLOOR [email protected] [email protected] [email protected] NEW YORK, NY 10022 The depiction in the included photograph of any person, entity, sign, logo or property, other than Development Site Advisors’ (DSA) client and the property offered by DSA, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and DSA or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of DSA’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.).