Property profile

135-35 Northern Blvd Queens, NY 11354

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 41,509 square foot commercial land parcel, located at 135-35 Northern Boulevard in Flushing, Queens, presents a unique development opportunity. Situated at the intersection of Northern Boulevard and Main Street, the property boasts nearly 160 feet of highly visible frontage along a corridor with substantial foot traffic, ideal for multi-level street retail. The C2-2 / R6 zoning permits a wide range of commercial uses. Future development plans include a 16-story, 190-foot tall structure offering sweeping 360-degree views, a significant advantage in the Flushing skyline. A key feature is the planned inclusion of a 305-space valet-serviced garage with convenient curb cuts on Northern Boulevard and Farrington Street, ensuring efficient parking access. Importantly, the project incorporates preservation elements, maintaining the ticket booth lobby and grand foyer in accordance with Landmarks Preservation Commission approvals. This property offers a rare blend of prime location, substantial size, and significant development potential in a thriving Queens neighborhood.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

135-35 Northern Blvd Queens, NY 11354
Queens metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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