Land

68-19 Woodhaven Boulevard

6819 Woodhaven Blvd Flushing, New York United States 11374-5218
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Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

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Property description

JLL has been exclusively retained to arrange for the sale of 68-19 Woodhaven Boulevard, a DOB approved/shovel ready multifamily/mixed use development site in Forest Hills/Rego Park, Queens.

Investment highlights

  • DOB Approved Plans/Shovel Ready Site
  • 133 Units: 12 Studios, 96 one-bedrooms and 25 two-bedrooms
  • 118 Units with Private Outdoor Space
  • 70/30 421A Tax Abatement in Place
  • Brownfield Eligible: Generation 2 Program, Track 2
  • MIH-Option 2: 30% of Units Affordable at 80% of AMI

The offering presents an opportunity for a developer to build a 7-story, ~91K ZFA multifamily/mixed-use project on a 25,652 SF lot. The project will be comprised of 133 residential units, 6,400 SF of commercial/retail, and 27,644 SF garage containing 60 parking spaces. The Property is already set to receive an Affordable NY 421A Tax Abatement, a benefit that will expire in June and no longer available for new applicants. The site will be delivered shovel-ready with DOB approved plans, an Affordable NY Tax Abatement in place, and acceptance into the Brownfield program (gen. 2, Track 1). The site will require Mandatory Inclusionary Housing- Option 2.

Last Updated Date: 27 Jun 2022

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Last Updated Date: 27 Jun 2022

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