Downtown Flushing Prime Development Site | Approved Plans + Partial Foundation
Exceptional shovel-ready development opportunity in the core of Downtown Flushing, just off Main Street on 41st Avenue. This fully-approved, mixed-use project sits on a 4,450 SF C4-3/R6 lot with 22,904 buildable SF and a total GBA of 30,083 SF. The foundation is already one-third complete, with all DOB permits in place. Program includes ground-floor retail, a 30-key hotel, and 8 luxury condo units (duplexes on top floors). Surrounded by major transit, high foot traffic, and dense commercial infrastructure, this site is ideal for developers seeking a high-exposure, income-generating asset in one of NYC’s fastest-growing markets. Asking $7.8M (only $339/BSF).
136-25 41st Ave, New York, (Flushing), NY, 11354
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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