Development Site Advisors Lists North Flushing Pool Club for Sale
Development Site Advisors (DSA) has been exclusively hired to market 141-01 32nd Avenue, an 0.83-acre property in the Flushing neighborhood of Queen. The property is the site of the long-established North Flushing Pool Club, which has been in existence here for over six decades. Located on a block-through lot on 32nd Avenue and 31st Drive, ... The post Development Site Advisors Lists North Flushing Pool Club for Sale appeared first on Connect CRE.
Development Site Advisors (DSA) has been exclusively hired to market 141-01 32nd Avenue, an 0.83-acre property in the Flushing neighborhood of Queen. The property is the site of the long-established North Flushing Pool Club, which has been in existence here for over six decades.
Located on a block-through lot on 32nd Avenue and 31st Drive, between 140th and Union Streets and ablock off Parsons Boulevard, the property is situated in a Qualified Opportunity Zone, which allows Developers and investors various tax benefits and gains deferral strategies.
The approximately 36,296-square-foot block-through lot has a Floor to Area Ratio (FAR) of 2.0, making it a prime location for the development of a 72,592-square-foot, 45-foot-tall, four-story residential complex.
“This is a rare chance to acquire a sizable piece of land in the heart of Flushing, which is experiencing a surge in development and investment activity,” said Rubin Isak, co-founder of DSA.
The post Development Site Advisors Lists North Flushing Pool Club for Sale appeared first on Connect CRE.
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