5 LOT ASSEMBLAGE ON COLLEGE POINT BLVD

FLUSHING, NY 11355


EXECUTIVE SUMMARY

Politan Real Estate is pleased to present 40-70 College Point Blvd & 131-57—131-65 41st Ave, Flushing, NY 11355. The offering consists of a portfolio of 5 lots right in Downtown Flushing. 4 of the lots are adjacent and the 5th lot is the corner of the same block. The portfolio has approximately 8,723 sq ft. in combined lot size, has a commercial buildable of 17,446 and a facility buildable of 41,870. 

It is just a few blocks away from the busiest intersection in all of Queens, Main St. & Roosevelt Ave. and is located in a designated economic opportunity zone, which qualifies for tax incentives added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017. This is the perfect opportunity to secure a development site in one of the fastest developing neighborhoods in NYC. 

The heart of downtown Flushing is also the neighborhoods major transit HUB. It services the last stop of the 7 subway line, 20+ bus lines and the Long Island Rail Road.

Flushing is home to many national brands’ top performing stores. Companies like Starbucks, Dunkin’ Donuts, Chase, Bank of America and McDonalds are just a few of the companies that have opened multiple locations within a 5 block radius. Flushing is also designated by the city to have Business Improvement District status.

For more information on Flushing, please inquire about Politan’s most recent Flushing Business Report.

 

Listing Agent

Michael Wang | Partner

mwang@politangroup.com

PROperty Overview

Addresses

Location

Block & Lots

Use

Total Lot Square Footage

Buildable Sq. Ft

$/BSF

Commercial FAR

Facility FAR

Zoning District

Transportation

4070 College Point Blvd, Flushing, NY 11355 

131-57, 59, 63, 65 41st Ave, Flushing, NY 11355

Downtown Flushing

05060/0033-0028-0026-0025-0024

Development Site

±8,723 Sq. Ft

41,870.4 Sq. Ft

$325

2

4.8

M1-2

7 Subway Line, LIRR, 10+ Bus Lines

ASKING PRICE

$13,650,000