Cushman & Wakefield has been retained on an exclusive basis to sell two buildings at 45-01 Northern Boulevard and 34-08 46th Street in the Long Island City neighborhood of Queens. The asking price is $29,000,000.
45-01 Northern Boulevard, located between 45th and 46th Streets, is a retail/office building that has approximately 283’ of frontage on the northeast corner of Northern Boulevard. It benefits from two billboards on the roof facing Northern Boulevard and 45th Street. Currently overbuilt, this property poses a great opportunity for an investor or user looking for a property with upside potential.
34-08 46th Street, located between 34th Avenue and Northern Boulevard, is a two-story mixed-use building that consists of two commercial units and one residential unit with available parking for up to six cars. Situated within a C2-4/R6B zoning district, it currently allows for an FAR of 2.0 and approximately 12,000 buildable square feet.
“Both properties present a truly unique owner/investor opportunity along the busy Northern Boulevard corridor in Long Island City,” said Cushman & Wakefield’s David Chkheidze, who is exclusively marketing these properties along with Conrad Martin. “The properties offer a tremendous footprint in Long Island City and potential buyers will benefit greatly from both the accessibility and visibility of this site,” he continued.
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Neighborhoods: Long Island City