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    OFF-MARKET
    Land

    136-25 41St Ave, Queens, NY 11355

    Property ID
    Property summary
    AI-generated overview

    This exceptional 4,779 sq ft commercial and residential land parcel, located at 136-25 41st Avenue in Queens, New York (zip code 11355), presents a unique investment opportunity. Zoned C4-3, the property boasts approved plans and a partially completed foundation for a mixed-use development. The project envisions a dynamic blend of commercial, hotel, and residential spaces. Specifically, the plans include two retail units, one community unit, thirty hotel rooms, and eight apartments. This prime Downtown Flushing location offers unparalleled access to public transportation, placing the development within easy reach of the bustling city. Situated approximately 300 feet east of the intersection of Main Street and Kissena Boulevard, the property benefits from high visibility and convenient access to major thoroughfares. The existing foundation is approximately 70% complete, representing significant cost savings for the future developer. The asking price for this exceptional development opportunity is $8,000,000. This is a rare chance to acquire a property with approved plans and a head start on construction in a highly desirable and rapidly growing area.

    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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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