101-01 Northern Blvd Corona, Ny 11368 Corner Development Site Assemblage on Northern Boulevard 101-01 - 101-07 Northern Boulevard | Corona, Ny
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FOR SALE $6,240,000 101-01 NORTHERN BLVD CORONA, NY 11368 CORNER DEVELOPMENT SITE ASSEMBLAGE ON NORTHERN BOULEVARD 101-01 - 101-07 NORTHERN BOULEVARD | CORONA, NY PROPERTY SUMMARY Cushman & Wakefield has been exclusively retained to arrange for the sale of 101-01 - 101-07 Northern Boulevard in Corona, Queens. 101-01 - 101-07 Northern Boulevard is a vacant 10,760 square feet two-story retail building on a signalized corner primed for redevelopment. The building sits on an assemblage 101-01 - 101-07 of four adjacent lots with a gross lot square footage of Northern Boulevard approximately 8,000 within an R6A/C2-4 zoning. The zoning allows for up to 24,000 (as-of right) buildable square feet for mixed-use development. Northern Boulevard is a major thoroughfare in Queens with over 50,000 average daily traffic providing great exposure for retail tenants and convenient access to public transportation and expressways for residents. The property is in a great location with numerous bus routes on Northern Blvd, 7-subway train within a 10 minute walk to Roosevelt Avenue, access to multiple highways/ expressways, and less than three miles from Downtown Flushing, LaGuardia Airport and Citifield. The location is surrounded by a great mix of local and credit retailers. Please contact exclusive brokers with any questions. LOT 42 | 41 | 40 | 39 101-01 - 101-07 NORTHERN BOULEVARD | CORONA, NY FOR SALE PROPERTY $6,240,000 INFORMATION FINANCIAL INFORMATION Assessment (20/21) $674,320 Address 101-01 - 101-07 Northern Blvd, Corona, NY 11368 Taxes (20/21) $71,053 Location Northeast corner of Northern Blvd and 101st St Block 1696 Lot(s) 39, 40, 41 & 42 TAX MAP 32ND AVENUE Combined Lot Dimensions 80' x 100' (Approx.) Gross Lot Square Footage 8,000 (Approx.) BUILDING INFORMATION Combined Building 10,760 (Approx.) Square Footage Building Dimensions 20' x 80' (Approx.) Stories 2 ZONING INFORMATION STREET 101ST 102ND STREET 102ND Zoning R6A / C2-4 Residential FAR 3.0 Commercial FAR 2.0 Maximum Buildable 24,000 (as-of right) Square Footage 42 414039 NORTHERN BLVD 101-01 - 101-07 NORTHERN BOULEVARD | CORONA, NY AN EVOLVING CORRIDOR 112,425 $63,829 +50,000 POPULATION AVG. INCOME AVG. DAILY TRAFFIC Northern Boulevard is a revolving door for development. One of the most well-known thoroughfares in Queens, it has been flooded with several new developments including multi-family, multi-story retail, NYC public schools, and hotels. National credit tenants have called it home including Chipotle, TD Bank, Dunkin’, and CVS. It’s central location makes for a short walk to Roosevelt Avenue, 34th Avenue (established an Open-Street) and Astoria Boulevard creating convenience, and high vehicle and foot traffic. 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