36-48 Linden Pl Queens, NY

This residential development site is located in the heart of Flushing, Queens, a vibrant and densely populated submarket. The property, situated at 30-05 Whitestone Expressway, consists of an 81,150 square foot lot with approximately 406,562 zoning floor area. The site was rezoned in 2023 via ULURP, establishing an R7A zoning district with Mandatory Inclusionary Housing. The property benefits from Option 1 (25% MIH at 60% AMI) or Option 2 (30% MIH at 80% AMI), offering flexibility and scale for development. The site also benefits from the City of Yes initiative and the 485-X tax abatement, strategically located outside of Zone A & Zone B. Additionally, the property is located within an Opportunity Zone. As part of the ULURP, the site has proposed plans that are not binding or approved, allowing for design flexibility. This project is positioned to capitalize on the cultural and commercial momentum of Downtown Flushing's corridors, as well as the nearby Willets Point rezoning. The property is poised to become a centerpiece of Flushing’s revitalization and growing demand for new residential product.