3436-3448 Linden Place, Flushing, NY 11354

Flushing, Queens, New York 11354

$10,900,000  

Listing ID Number

24893

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 3436 Linden Place in Downtown Flushing, Queens.

The property is an assemblage of two contiguous lots for a combined 15,625 lot square footage, primed for hotel or commercial development. The site offers approximately 15,625 commercial buildable square feet with up to a maximum 37, 500 buildable square feet with community facility.

The property is currently improved with an approximately 6,250 square foot garage/warehouse building which will be delivered vacant. Currently exists about 9,375 square feet of vacant land on the site. Community facility air rights are also available to purchase from a neighboring property (please inquire for additional information).

Flushing has emerged as one of the fastest growing neighbor-hoods in Queens largely due to its ideal location along the 7 train and an influx of foreign residents. This is a prime opportunity for a developer to capitalize on Downtown Flushing’s significant demand for hotels in order to satisfy the demand for the rapid inflow of visitors and tourists. The recent success of local hotel projects such as The One Hotel bodes well for future development as demand continues to outpace supply.

Property inspections are to be done by appointment only. Please inquire within.

Overview

Building Type:Development/Conversion Sites
Block/Lot:4950/94 & 98
Lot Dimensions:125' x 125'
approx.
Lot Sq Ft:15,625
approx.
Buildable Sq. Ft:37,500
max

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.