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Investment Highlights

  • PRIME DOWNTOWN FLUSHING LOCATION, short distance to 7 train main St station.
  • The existing building has 17,000 SF with 18 residential units and 5 commercial units. all units are free market.
  • 7,000 SF lot, zoned as R7-1
  • A development opportunity with an income-producing property and a huge potential for appreciation.

Executive Summary

PRIME FLUSHING CONDO DEVELOPMENT SITE. This site is currently occupied by a three-story walk-up building with a full basement on the north side of Sanford Avenue. The lot size is approximately 50 ft x 140 ft. The zoning is R7-1. The subject is close to Main St with heavy transportation. A 9 stories 39 units (38 residential + 1 community facility) condo plan has been approved. There will be a 6,753 SF basement with 11 parking spaces. The site will deliver with the approved plan and can start processing at any time! The site is within close proximity to Main St and Northern Blvd, which combine to offer residents, employees, and guests world-class restaurants, prestigious shopping, exclusive nightlife, and unparalleled transportation.

Property Facts

Price $13,917,110 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 0.16 AC
Zoning R7-1

1 Lot Available

Lot

Price $13,917,110 CAD
Price Per AC $86,604,128.06 CAD
Lot Size 0.16 AC

Description

B Square Realty is pleased to present the prime development site in the heart of Flushing. This site is currently occupied by a three-story walk-up building with a full basement on the north side of Sanford Avenue. The lot size is approximately 50 ft x 140 ft. The property is zoned R7-1. The property is located in the booming Flushing neighborhood, only 3 blocks from the Main Street Flushing #7 train subway station. Flushing is also home to some of the most diverse shopping and dining experiences in New York City. A 9 stories 39 units (38 residential + 1 community facility) condo plan has been approved by DOB. The site will deliver with the approved plan and can be developed at any time.

Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100
  • Listing ID: 9084103

  • Date on Market: 2017-05-10

  • Last Updated:

  • Address: 14335 Sanford Ave, Flushing, NY 11355

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