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.