Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Building Area
Land Area ()

Property description

JLL has been retained on an exclusive basis to arrange for the sale of a 69,000 BSF residential development site in Woodside, Queens.

Investment highlights

Development Parcel

The property comprises 4 contiguous tax lots on 52nd street with a combined footprint of 15,000 SF and 150 feet of retail frontage. Flexible R7A/C2-3 zoning designation allows for a variety of development possibilities.


Tax Benefits

Inviting incentives including IBZ (MIH - Option 1), ICAP, and Affordable NY 35-year tax benefit. MIH Option 1 requires 25% of the units at 60% AMI.


Public Transit

Directly adjacent to the 52nd Street-Lincoln Avenue 7 train, the property enjoys quick proximity to Manhattan within 20 minutes.


Thriving Retail

The Immediate area is a popular destination for tourists and locals alike with hotels in the area, nationally recognized brand name retailers and dozens of popular restaurants, bars and nightlife hotspots.

Last Updated Date: 19 Aug 2021
Brendan Maddigan
Brendan Maddigan
Vice Chairman, Capital Markets
Broker Licenses
NY-10301206472
Stephen Palmese
Stephen Palmese
Vice Chairman
Broker Licenses
NY-10311208021

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 19 Aug 2021

Do you have any questions?  Visit our FAQ page

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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