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    OFF-MARKET
    Land

    135-35 Northern Blvd, Queens, NY 11354

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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