30,024 SF corner lot | C4-2 zoning | $900,000/yr in-place income
Available for acquisition: A rare, institutional-grade covered land play in the heart of Downtown Flushing. Offering a massive 30,024 SF corner footprint and approximately 140,000 buildable square feet, this site delivers immediate, de-risked carry income alongside explosive future upside anchored by the incoming $8 billion Metropolitan Park Casino.
Strategic investment highlights
The ultimate covered land play (de-risked carry)
Generate a highly passive $900,000 in gross annual income ($75,000/month) while you prepare for construction. The current tenant covers all real estate taxes ($140,000) and utilities. Landlord expenses are strictly limited to approximately $7,000/year for insurance. With no long-term lease in place, you maintain complete control over your groundbreak timeline.
The 2030 casino catalyst
Located under a mile (a 15-minute walk or one subway stop) from the fully approved $8 billion Hard Rock casino, hotel, and entertainment complex at Citi Field. With site preparation underway for a 2030 opening, this asset sits directly in the path of incoming institutional capital.
Unmatched scale & flexibility
Corner sites of this magnitude (166.21′ × 180.64′) are generational assets in Flushing. The regular, expansive footprint supports highly efficient floor plates ideal for executing the approved mixed-use plan or pivoting to a flagship hotel.
Hyper-connected transit hub
Located just steps from the 7 Train and LIRR at Main Street. LaGuardia Airport is a 10–15 minute drive or a direct trip via the nearby Q90 bus.
Property specifications
| Lot size | 30,024.17 SF (166.21′ × 180.64′) |
|---|---|
| Zoning | C4-2 |
| Buildable area | Approx. 140,000 SF |
| Current existing use | One-story building supply facility |
Development potential (140,000 BSF)
The C4-2 zoning accommodates substantial density, and the asset comes with a heavily de-risked pathway to development.
Option A
Approved mixed-use plan:
- 66 residential units
- 66 retail units
- 5 community facilities
- 38-space, two-floor automated garage
Option B
Flagship hotel or luxury condominium tower.
Why partner with HLKSOO Realty to acquire this asset?
A $55,000,000 commercial acquisition requires more than basic broker representation; it requires rigorous structural and strategic oversight.
As an attorney-led brokerage, HLKSOO Realty represents buyers with an institutional-grade approach. When you retain us to secure this Flushing development site, we leverage our legal background and deep Queens market intelligence to:
- Analyze the deal structure. We evaluate the existing month-to-month tenant setup, title implications, and C4-2 zoning realities before you submit an LOI.
- Negotiate with authority. We interface directly with the listing broker on your behalf, utilizing data-driven leverage to negotiate the most favorable acquisition price and contract terms.
- Protect your capital. We oversee the logistical flow of the transaction, ensuring your earnest money and developmental timeline are shielded from unnecessary risk.
More information
For more information or to schedule a confidential site tour, please contact our acquisition team:
한국어 / 中文: JiSoo Park
English: James Hsui
Disclaimer: This summary is general information only, is not an offer or legal advice, and is subject to errors, omissions, change of price or terms, prior sale, or withdrawal without notice. All information is from sources deemed reliable but not guaranteed, has not been independently verified by HLKSOO Realty, LLC or its principals, and must be independently verified by the purchaser. Property sold, as-is, subject to violations, if any, with all faults.