om - london lennies

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Salvatore Crifasi, BrokerDirect: 646-554-7788E-mail: [email protected]: www.crifasi.com

EXECUTIVE SUMMARY

PROPERTY HIGHLIGHTS

PROPERTY PHOTOS

FLOOR PLANS

MAPS

FINANCIALS

LOCATION OVERVIEW

DEMOGRAPHICS

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Tour

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The offering is a rare development site (Block 3014, Lot 0026) within Rego Park, Queens, NY. Situated on Woodhaven Boulevard between Penelope Avenue and 64th Road, the 10,700 s/f lot (6,000 s/f building) is available for sale or lease.

In its present state, the assemblage contains an established business and “landmark” since 1959; the top seafood restaurant in Queens; London Lennie’s. The site is situated within a R5D with a C1-3 overlay zoning district that allows for the creation of a mixed-use project with the potential to include a mixture of medical, retail, residential, community facility, hotel and/ or office and build up to a 22,000 s/f new building. It has an FAR of 2.

Conveniently located at the epicenter of Rego Park, the site is within close proximity to New York City, the Long Island Expressway, Queens Center Mall, Brooklyn Queens Expressway and neighboring communities such as Forest Hills, Kew Gardens, Middle Village, Elmhurst, Woodhaven and Jamaica to offer residents an opportunity of convenience for retail/business. This redevelopment opportunity provides developers the ability to capitalize on tremendous demand in an area with a scarcity of developable land. The acquisition of 63-36 Woodhaven Boulevard is an ideal opportunity for any investor/developer looking for a sizeable development project within Queens.�

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10,700 s/f lot

6,000 s/f building

Build up to a 22,000 s/f new building

Building has first floor (used as a restaurant) and basement

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Corner Property

High Exposure

Land value worth more than business value

PROPERTY PHOTOS


FLOOR PLANS

FLOOR 1



FLOOR PLANS

FLOOR 2

Woodhaven Blvd

Penelope Ave

64th Rd

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Woodhaven Blvd

Penelope Ave

63rd Ave

Dry H

arbo

r Rd

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• Asking Price for Sale: $6,500,000

• Asking Price for Lease: $50.00 per S/F NNN

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• Taxes: $52,217.00

• Business Financials Furnished Upon Request



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Rego Park is home to some of Queens' most popular shopping destinations, including the 277,000-square-foot (25,700 m2), 4-floor Rego Center. Phase I has a large Bed Bath & Beyond, Marshalls, Burlington Coat Factory, and Old Navy locations, as well as a multilevel parking garage developed by Vornado Realty Trust. Phase II opened in 2010 with 950,000 square feet (88,000 m2) of retail space on 62nd Drive across from Rego Park Center. It houses Kohl's, Century 21, Costco, T.J. Maxx, Panera Bread, Payless ShoeSource, Lenora Furniture and Toy City, with more stores being built.

Across the Long Island Expressway, in nearby Elmhurst, is the Queens Center Mall. Queens Center opened on September 12, 1973, on land previously occupied by Fairyland, a supermarket, and automobile parking. The mall doubled in size from 2002 to 2004. The first Trader Joe's in Queens opened in 2007 at 90–30 Metropolitan Avenue, in a building that also has a Staples and a Michaels, and is next to Bob's Discount Furniture, and Home Depot.

The main business thoroughfare of Rego Park is 63rd Drive. The main section extends from Woodhaven Boulevard in the south, to Queens Boulevard in the north, with the central business district of Rego Park nestled between Alderton Street (just south of the Long Island Rail Road overpass), and Queens Boulevard. The stretch south of Alderton is entirely residential. The business district is anchored by The Rego Park School PS 139Q, an elementary school dating from 1928 and Our Saviour Lutheran Church established in 1926 which right across Wetherole Street from PS 139Q. The business district is criss-crossed by four side streets: Saunders, Booth, Wetherole, and Austin Streets. Most of the businesses lining 63rd Drive are the original single story "Taxpayers" dating fromthe 1930s. Across Queens Boulevard to the north, 63rd Drive becomes 63rd Road, and its business district continues another three blocks; 63rd Drive actually shifts one block south of 63rd Road. There are many small businesses in this area. Shopping districts with many smaller stores, bakeries, pharmacies andrestaurants can be found along 108th Street as well.


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2018 Summary 1 Mile 3 Miles 5 MilesPopulation 113,237 1,010,305 2,493,692Households 47,337 338,748 861,875Families 28,434 227,517 554,233Average Household Size 2.38 2.97 2.85Owner Occupied Housing Units 21,188 123,442 269,630Renter Occupied Housing Units 26,148 215,306 592,245Median Age 43.1 37.2 36.3Median Household Income $67,319 $57,724 $53,935Average Household Income $91,714 $79,429 $76,005

2023 Summary 1 Mile 3 Miles 5 MilesPopulation 116,030 1,036,284 2,592,047Households 48,217 345,106 892,051Families 28,860 231,222 570,415Average Household Size 2.40 2.99 2.87Owner Occupied Housing Units 22,877 135,062 296,743Renter Occupied Housing Units 25,340 210,044 595,308Median Age 44.1 38.5 37.6Median Household Income $78,717 $66,462 $62,099Average Household Income $109,057 $94,760 $91,155

Salvatore Crifasi, BrokerDirect: 646-554-7788

E-mail: [email protected]: www.crifasi.com

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Crifasi Real Estate is pleased to announce our 45th year in business.2018 saw sales and lease transactions gross in the high seven figures, bringing Crifasi to the forefront of Commercial Real Estate Brokers

in the greater New York City area.

In the last 20 years, our growing Commercial team has secured Lessees and Purchasers for our listings from Governments, Banks, National Retail Chains and many new entrepreneurs.

Our increasing domestic and international clients benefit from our extensive social media and internet exposure.

With our strong resources and connections including attorneys, appraisers, lending institutions, architects, developers and general

contractors Crifasi Real Estate provides a single source for all of your commercial real estate needs.

om - london lennies

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