Prime Queens Blvd Development Opportunity 35-01 Queens Blvd 14,455 SF 100% Leased Flex Building Long Island City, NY 11101 For Sale

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