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Cushman & Wakefield has been retained on an exclusive basis to sell a development site at 30-05 Whitestone Expressway.  The property is located between Linden Place and Farrington Street in the Flushing neighborhood of Queens.  The asking price is $60,000,000, which equates to approximately $160 per buildable square foot.

The rare development opportunity consists of an approximately 80,510 square foot lot.  There has been a proposed zoning change to C2-2/R6 or C4-3, which would allow up to approximately 386,448 buildable square feet.  This development site features a prime location right off the Whitestone Expressway and in proximity to Downtown Flushing, providing access to MTA buses, #7 subway line, and the Long Island Rail-Road.

“This is an extremely favorable opportunity for a developer to take advantage of the desirable Flushing marketplace at a reasonable price per square foot,” said Cushman & Wakefield’s Stephen R. Preuss, who is exclusively marketing this property.  “The site will yield a large mixed-use development which will be ideal for either condos or apartment rentals along with large box commercial, perfect for national and credit retailers looking for the density and visibility this site has to offer,” he continued.

Click here for listing details

Neighborhoods: Flushing/ Agents: Stephen Preuss