127-11 Willets Point Boulevard, Corona, NY 11368-1536

Corona, Queens, New York 11368

$12,000,000  

Listing ID Number

25294

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of 127-11 & 127-45 Willets Point Boulevard, an approximately half acre corner full block parcel of land for development. The lot sits in a C4-4 / WP zone which allows for up to 43,208 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 7,080 square feet of building with the remaining raw land used for auto salvage / auto-care. Per the underlying zoning (C4-4), approximately 86,416 buildable square feet is allowed with up to an additional 54,010 buildable square feet with community bonus for a total 140,426 buildable square feet. The site has approximately 200’ of frontage on 127th Street and 266.47’ of frontage on Willets Point boulevard.

127-11 & 127-45 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, Industrial
Lot Sq Ft:21,640
approx.
Buildable Sq. Ft:43,208 / 140,426
as of right / C4-4 max
Zoning:C4-4 / WP
FAR:2.0 / 6.5
base / max (C4-4)

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.