37-20 114th Street, Corona, NY 11368, USA

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 37-20 114TH STREET — in Corona, Queens.

37-20 114th Street is an approximately 15,625 square foot lot on the northwest corner of 38th Avenue and 114th street. The lot is primed for development and allows up to approximately 81,000 buildable square feet, as of right.

Currently on the property is a parking structure previously used by the neighboring hotel. The property will be delivered with fully-approved plans for approximately 81,356.83 buildable square feet with ~80,607.93 square feet of residential space and ~748.87 square feet of community facility space. Additionally, the building will have cellar, sub-cellar, and above grade parking provided for up to 90 attended parking spaces. The underlying zoning (C2-4 / R6) allows for up to ~37,969 buildable square feet as of right, or ~75,000 buildable square feet max. The plans will also be delivered with 421-A tax abatement approvals in place.

37-20 114th Street is a great opportunity to capitalize on the lack of new construction / residential space in this area of Flushing. The property is in a convenient location with easy access to multiple major roadways and points of interest. The lot is in proximity to LaGuardia Airport, SkyView Parc, 7 subway line at Roosevelt Avenue, Grand Central Parkway, Northern Boulevard, Roosevelt Avenue and Citi Field.

Property tours and inspections are by appointment only.