126-94 & 96 Willets Point Boulevard, Corona, NY 11368-1604

Corona, Corona / Willets Point, New York 11368

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Listing ID Number

25366

Property Description

Cushman has been retained on an exclusive basis for the sale of 126-94 & 126-94 Willets Point Boulevard in Corona, Queens. Located directly adjacent to the NYC WP development project.

The subject properties are two adjacent commercial buildings. 126-94 Willets Point Boulevard is a single-story commercial building previously used for a used-car dealership, currently vacant. 126-96 Willets Point Boulevard is a two-story mixed-use building currently occupied on a month-month basis by a restaurant business paying $4,587.67 per month. This tenant is currently going through the eviction process and is expected to vacate.

The gross lot square footage is approximately 6,000 square feet which under WP zoning allows for up to 12,000 buildable square feet for mixed-use development. The underlying C4-4 zoning allows for up to 20,400 buildable square feet, plus additional for community facility use.

The site is located one block from CitiField, and 0.4 miles from the 7 subway train at Mets-Willets Pt Station. Directly adjacent 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 Expwy, Grand Central Pkway, and the LIRR Mets-Willets Point Station.

Overview

Building Type:Commercial Buildings, Development/Conversion Sites, Industrial
Location:Willets Point, Corona
Block/Lot:1833/165 & 166
Lot Dimensions:60' x 100'
approx.
Lot Sq Ft:6,000
approx.
Buildable Sq. Ft:12,000 (up to 20,400)
approx.
Zoning:C4-4 / WP
Building Sq Ft:4,600
approx. (existing)

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.