June 8, 2020 Comments Off on Development Site Up for Sale on Sunnyside Retail Corridor Views: 500 New York News, Outer Boroughs New York

Development Site Up for Sale on Sunnyside Retail Corridor

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Cushman & Wakefield was hired to sell 51-02 Roosevelt Ave., a 124,589-buildable-square-foot mixed-use development site in Queens’ Sunnyside neighborhood. The firm’s Stephen R. Preuss, Andreas Efthymiou and Rani Bendary are leading marketing efforts, with pricing guidance in the mid-$20-million range.

“This is a rare opportunity to acquire one of the last large corner development sites in a neighborhood with untapped retail potential,” said Preuss. “In fact, according to the Department of City Planning’s 2019 report, this development site sits along ‘The Healthiest and Most Stable Retail Corridor in NYC.’”

51-02 Roosevelt Ave. is a mixed-use, construction-ready development site with over 300 feet of frontage. It’s located directly at the 52nd Street-Lincoln Avenue Subway Station with access to the 7 train, and is accessible by multiple bus lines. The site is in direct proximity to Queens’ primary thoroughfares, including the Brooklyn/Queens Expressway and Queens Boulevard.

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