127-43 Willets Point Boulevard, Corona NY 11368

Corona, Queens, New York 11368

$17,900,000  

Listing ID Number

25149

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 127-43 Willets Point Boulevard, an approximately one acre block-through lot primed for development. The lot sits in a C4-4 / WP zone which allows for up to 80,600 buildable square feet. Allowable uses include residential multifamily, retail, hotel, community facility, sports arena, and office, among other uses. It is located adjacent to CitiField and the proposed NYC Willets Point Development.

Currently exists approximately 2,625 square feet of building with the remaining raw land used for auto salvage / auto-care. Per the underlying zoning (C4-4), approximately 161,200 buildable square feet is allowed with up to an additional 100,750 buildable square feet with community bonus for a total 261,950 buildable square feet. The site has frontage on Willets Point boulevard, 127th Street and 35th Avenue.

127-43 Willets Point Boulevard is loacated on block from CitiField, and 0.4 miles from the 7 subway train at Mets-Willets Pt Station. Directly to the west is the NYC Willets Point Development designated Phase I area encompassing from Roosevelt Avenue through 35th Avenue and Northern Boulevard. LaGuardia airport is conveniently located approximately one mile away. Additionally the site is located in proximity to the Van Wyck Expressway, Grand Central Parkway, and the LIRR Mets-Willets Point Station.

Please refer to attached survey and inquire for additional information.

Overview

Building Type:Development/Conversion Sites
Block/Lot:1831/01
Lot Dimensions:418' x 97'
Lot Sq Ft:40,300
Zoning:C4-4 (R7) / WP
FAR:2.0 / 3.44 / 4.0

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.