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Investment Highlights

  • Proximity to E/F/M/R/7 Trains
  • 199,234 Buildable SF with increased FAR
  • 779' Wraparound Footage
  • Three Zoning Districts (R7A / R7B / R5)

Executive Summary

Avison Young, as exclusive agent, is proud to present a rare opportunity on behalf of the Episcopal Diocese of Long Island (“EDLI”): a long-term ground lease or joint venture for a prominent corner lot located at 84-07 Broadway between St. James Avenue and Corona Avenue in Elmhurst, Queens (the “Site”). Spanning approximately ±54,826 square feet, the Site features an impressive ±779 feet of wraparound frontage along Broadway, offering exceptional visibility and scale in one of New York City’s fastest-growing submarkets. The Site currently comprises St. James Church and its adjoining cemetery.

Property Facts

Sale Type Investment
Sale Conditions
Ground Lease (Leasehold)
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Hold For Development
Total Lot Size 1.26 AC
Zoning R7A

1 Lot Available

Lot 1

Lot Size 1.26 AC

Corner redevelopment opportunity at 84-07 Broadway in Elmhurst, Queens, spanning ±54,826 SF with ±779 feet of wraparound frontage near major transit. Prime site offering up to 199,234 buildable SF across three zoning districts.

Description

The offering consists of a ±54,826-square-foot parcel located at 84-07 Broadway between St. James Avenue and Corona Avenue in Elmhurst, New York. The property features an extensive ±779 feet of wraparound frontage, providing exceptional visibility along one of Queens’ most notable corridors. Presently occupied by St. James Church and its cemetery, the site spans three zoning districts, R7A, R7B, and R5, enabling flexibility for a wide range of redevelopment options. The location is well-served by major public transit, with close access to the E, F, M, R, and 7 subway lines, enhancing connectivity throughout New York City. With an FAR allowance permitting up to approximately 199,234 buildable square feet, the site presents a unique opportunity for high-density residential or mixed-use development. Positioned within a fast-growing submarket, this property represents significant potential for transformative urban projects.

Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
01582-0001
Land Assessment
$1,365,046 CAD
Improvements Assessment
$1,621,225 CAD
Total Assessment
$2,986,271 CAD
  • Listing ID: 37865844

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 8407 Broadway, Elmhurst, NY 11373

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