78-06 Queens Blvd
Elmhurst, NY 11373
Land For Sale
·
0.24 AC
Investment Highlights
- 10,300 SF Lot in C4-1,R6 Zoning Allows for up to 50K BSF
- Previously Approved Plans for Mixed-Use / Hotel Concept - Plans Available
- Excellent Exposure with over 50,000 ADT
- Strong Corner Location with 216' of Frontage on Queens Blvd / Hillyer Street
- Transit-Oriented Location - Walking Distance to M&R Trains
Property Facts
Description
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 78-06 QUEENS BOULEVARD — a corner mixed-use development site located in Elmhurst, Queens. The subject property features a 10,302 sq. ft. lot situated on the southeast corner of Queens Boulevard and Hillyer Street. The property is zoned R6, C4-2 and provides nearly 50,000 buildable sq. ft. to develop. The property also has previously approved plans for a mixed-use/hotel development. The existing lot is generating $7,000/month via a month-to-month tenant that uses the property for parking. It can be delivered vacant or with the tenant in- place to cover carrying costs prior to development. Queens Boulevard is the most highly-trafficked corridor in Queens and this specific section sits directly between the LIE and BQE, making it one of the highest exposure locations in the borough with over 50,000 passing vehicles per day. The subject property is also in direct proximity to the most active retail pocket in Queens, with the Queens Place Mall, Queens Center Mall, and Rego Center Mall within a mile and collectively spanning 2,500,000 sq. ft. of retail and commercial uses. The property is easily accessed by the M & R Trains at Grand Avenue as well. Property inspections are by appointment only. Please contact Exclusive Brokers for more information.
Property Taxes
| Parcel Number | 02453-0042 | Improvements Assessment | $1,924,380 |
| Land Assessment | $609,120 | Total Assessment | $2,533,500 |
Property Taxes
