Shovel ready oversized corner development site offering a rare opportunity in Flushing, one of Queens fastest growing residential corridors.


Property

Website:https://www.nestseekers.com/5347588
Address:
New York, NY 11354
Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$28,888,000
Annual Taxes:$33,304.46

Description

Shovel-ready oversized corner development site offering a rare opportunity in Flushing, one of Queens’ fastest-growing residential corridors. The offering consists of four combined lots totaling approximately 24,312.5 sq. ft., creating a substantial development footprint in a highly supply-constrained market where large land assemblages are increasingly rare. The property is approved for an eight-story residential development, allowing a developer to move forward immediately while minimizing entitlement risk and significantly accelerating the development timeline. The site is surrounded by vibrant commercial activity, strong housing demand, and continued population growth, making it an ideal location for new residential development. Zoned R6 and located within a Qualified Opportunity Zone, offering potential tax advantages for investors. OM and approved plans available upon request. (Four combined lots at 32-19 Linden Pl, 32-21 Linden Pl, 32-25 Linden Pl, 32-35 Linden Pl).

Amenities

  • City
  • Cleared
  • Corner Lot
  • Level
  • Near Public Transit
  • Near School
  • Near Shops
  • Neighborhood

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Daniel Gale Sothebys Intl Rlty