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The subject assemblage site contains an aggregate 18.35 acres which is comprised of 12.782 upland acres and 5.68 underwater acres. The total upland area is 556,802 square feet. The upland site is a 12.78-acre waterfront development site located between the Throgs Neck and Whitestone Bridges in Queens, New York and has approximately 1,000 square feet of frontage along the Northern Queens waterfront. City approvals were obtained for the development of 52 single family residential lots. This Flushing section of Whitestone is a desirable, middle to upper-middle income residential area. This development was slated to be the “New Malba”. The site plan rendering to the left outlines the NYC approved site plan for the 52 residential lots on the Subject. Lot sizes are generally in the 5,000 to 6,000 SF size. Nine lots will have their rear lot lines adjoining the interior waterfront park to be located on-site while two other lots will have their front exposure facing the street overlooking the water and a single lot will have its side overlooking the water. Home sizes are envisioned in the average range of 3,200+ SF.

Bid Deadline Set for Monday March 5, 2012.

Neighborhoods: Whitestone/ Agents: Stephen Preuss