129-02 Northern Blvd
Corona, NY 11368
Flushing 3+ Acre Assemblage · Industrial Property For Sale

Cushman & Wakefield has been retained on an exclusive basis for the sale of 129-02 Northern Boulevard in Flushing, Queens. 129-02 Northern Boulevard is an assemblage of three adjacent lots equating to approximately 3.17 acres, or 138,198 square feet. The property is currently improved by two buildings - approximately 76,715 square feet of warehouse space and 16,350 square feet of office space on two stories. The buildings are currently owner-occupied and partially occupied by several other tenants with short-term leases. The property is currently generating over $1.1 million in gross income. Ownership would consider a lease-back for the property - inquire within for further details. The property is ideal for redevelopment. Under WP zoning, the site allows for up to approximately 276,396 buildable square feet as of right for commercial / residential development. The underlying zoning of C4-4 (R7) allows for up to 4.0 FAR which, if in effect, would allow upwards of 589,799 buildable square feet, as of right. The property has a past environmental study which came back with a clean result. 129-02 Northern Boulevard is in a convenient location with easy access from Northern Boulevard, the Van Wyck Expressway and the Whitestone Expressway. LaGuardia airport is conveniently located less than ten minutes away, west of the property. Additionally, the 7 subway train is located in walking distance at Citi Field, and the LIRR Mets-Willets Point is located just south of the subway train. Downtown Flushing is a short drive or one subway stop away, located just east of the property. Downtown Flushing is home to a mecca of real estate development including Sky View, Flushing Commons, and One Fulton Square. The NYC Willets Point Development designated Phase I area encompassing from Roosevelt Avenue through 35th Avenue and Northern Boulevard. It will feature a large mixed-use development mix of hotel, residential, and commercial. Property inspections are by appointment only, please inquire within.