Meridian Capital Group
Meridian Investment Sales

157-29 Cross Bay Boulevard


LAND FOR SALE OR LONG-TERM GROUND LEASE

Asking Pricing $1,550,000
Lot Size 7305
Zoning Code R3-1 / C2-2 (City of Yes - Greater Transit Zone)
Size 14,610 BSF

Investment Highlights:

  • 86’ wide, 14,610 BSF development site situated between Starbucks and CVS Pharmacy
  • City of Yes – Greater Transit Zone allows for 2.0 Residential FAR / 1.0 Commercial FAR
  • Located just south of the Belt Parkway, in proximity to the Howard Beach–JFK Subway Station (A train / JFK AirTrain), Resorts World Casino, JFK Airport
  • Near national retailers including Stop & Shop, Orangetheory Fitness, Cold Stone Creamery, Planet Fitness, Walgreens, McDonald’s, Petco, Chase Bank
  • Ownership will consider a Sale or Long-Term (49.5 or 99 Year) Ground Lease
Asking Price: $1,550,000 ($106 PBSF)
or $7,000/mo NNN
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