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35-01 Queens Blvd
Long Island City, NY 11101
Prime Queens Blvd Development Opportunity · Flex Property For Sale
Investment Highlights
- • Prime Queens Blvd frontage with heavy daily traffic
- • Flexible assemblage opportunity for larger-scale development
- • Strong transportation access (subway directly across the street)
- • Immediate income with upside through lease-up and redevelopment
- • Located at the cusp of a transforming corridor
- • Ownership open to extended due diligence periods , minimal deposits, and possibly partial seller financing
Executive Summary
ATTENTION DEVELOPERS, CHARTER SCHOOLS, MEDICAL IN STITUTIONS AND SHOW ROOMS
GREINER-MALTZ has been retained on an exclusive basis to handle the sale of the property at 35-01 Queens Blvd in Sunny side Queens
PRIME QUEENS BLVD DEVELOPMENT OPPORTUNITY ON HIGH-VISIBILITY CORNER WITH STRONG INCOME
Rare opportunity to acquire a high-profile asset with tremendous development potential, stable esisting income and significant long-term upside in one of Queens’ fastest-growing submarkets. Positioned along the highly trafficked Queens Boulevard corridor, this M1-4 zoned property offers exceptional visibility and accessibility, directly across from the #7 subway line. Located at the edge of an Industrial Business Zone (IBZ), the asset presents both immediate income and long-term development upside.
DEVELOPMENT POTENTIAL
• As-of-right buildable: Approx. 65,000 SF (6.5 FAR)
• lot Assemblage opportunity: Combine with adjacent parcel (43-39 35th Street, 40’ x 100’) for A 14,000 SF foorprint and up to approx. 91,000 BSF
• Suitable for a wide range of commercial facility uses including: Educational institutions (charter schools), Medical facilities, Showrooms, General commercial or light industrial uses
STABLE INCOME
The property is nearly fully leased, with only 1,400 SF of vacancy, generating an estimated NOI of $400,000–$500,000 depending if one considers the adjacent 4000 SF warehouse income. This provides investors with stable in-place cash flow while pursuing future redevelopment plans.
CAN YOU SEE THE FUTURE AND LOCATION MARKET DYNAMICS ?
This property sits within a rapidly evolving section of Long Island City. Just four blocks east, multiple properties have already transitioned beyond IBZ limitations, with mixed-use and residential developments currently underway. The area continues to experience strong growth driven by proximity to transit, Manhattan access, and ongoing rezoning trends. This is an opportunity to secure scale and frontage on Queens Blvd ahead of further rezoning momentum.
FLEXIBLE DEAL STRUCTURE:
Ownership offers extended due diligence with minimal deposit requirements and will consider partial seller financing.
Call or write Eitan for more info. Cell: 917-716-7751, Email: Ehakami@Greiner-maltz.com
GREINER-MALTZ has been retained on an exclusive basis to handle the sale of the property at 35-01 Queens Blvd in Sunny side Queens
PRIME QUEENS BLVD DEVELOPMENT OPPORTUNITY ON HIGH-VISIBILITY CORNER WITH STRONG INCOME
Rare opportunity to acquire a high-profile asset with tremendous development potential, stable esisting income and significant long-term upside in one of Queens’ fastest-growing submarkets. Positioned along the highly trafficked Queens Boulevard corridor, this M1-4 zoned property offers exceptional visibility and accessibility, directly across from the #7 subway line. Located at the edge of an Industrial Business Zone (IBZ), the asset presents both immediate income and long-term development upside.
DEVELOPMENT POTENTIAL
• As-of-right buildable: Approx. 65,000 SF (6.5 FAR)
• lot Assemblage opportunity: Combine with adjacent parcel (43-39 35th Street, 40’ x 100’) for A 14,000 SF foorprint and up to approx. 91,000 BSF
• Suitable for a wide range of commercial facility uses including: Educational institutions (charter schools), Medical facilities, Showrooms, General commercial or light industrial uses
STABLE INCOME
The property is nearly fully leased, with only 1,400 SF of vacancy, generating an estimated NOI of $400,000–$500,000 depending if one considers the adjacent 4000 SF warehouse income. This provides investors with stable in-place cash flow while pursuing future redevelopment plans.
CAN YOU SEE THE FUTURE AND LOCATION MARKET DYNAMICS ?
This property sits within a rapidly evolving section of Long Island City. Just four blocks east, multiple properties have already transitioned beyond IBZ limitations, with mixed-use and residential developments currently underway. The area continues to experience strong growth driven by proximity to transit, Manhattan access, and ongoing rezoning trends. This is an opportunity to secure scale and frontage on Queens Blvd ahead of further rezoning momentum.
FLEXIBLE DEAL STRUCTURE:
Ownership offers extended due diligence with minimal deposit requirements and will consider partial seller financing.
Call or write Eitan for more info. Cell: 917-716-7751, Email: Ehakami@Greiner-maltz.com
Property Facts
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
Property Taxes
| Parcel Number | 00222-0009 | Improvements Assessment | $415,170 |
| Land Assessment | $360,000 | Total Assessment | $775,170 |
Property Taxes
Parcel Number
00222-0009
Land Assessment
$360,000
Improvements Assessment
$415,170
Total Assessment
$775,170
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