JLL has been retained on an exclusive basis to arrange for the sale of a 69,000 BSF residential development site in Woodside, Queens.
The property comprises 4 contiguous tax lots on 52nd street with a combined footprint of 15,000 SF and 150 feet of retail frontage. Flexible R7A/C2-3 zoning designation allows for a variety of development possibilities.
Inviting incentives including IBZ (MIH - Option 1), ICAP, and Affordable NY 35-year tax benefit. MIH Option 1 requires 25% of the units at 60% AMI.
Directly adjacent to the 52nd Street-Lincoln Avenue 7 train, the property enjoys quick proximity to Manhattan within 20 minutes.
The Immediate area is a popular destination for tourists and locals alike with hotels in the area, nationally recognized brand name retailers and dozens of popular restaurants, bars and nightlife hotspots.