North Flushing Pool Club Sells Development Site In Flushing, Queens For $16M

A development site located at 141-01 32nd Avenue in Flushing, Queens has been sold for a total of $16,000,000. The property spans 36,296 square feet and is situated in an R5D Zoning District with a floor area ratio (FAR) of 2.0, allowing for a maximum buildable area of 72,592 square feet. The transaction was facilitated by Rubin Isak and Lev Kimyagarov, who served as the Development Site Advisors for the sale.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $16,000,000
• Address: 141-01 32nd Avenue, Flushing, Queens
• Market: Flushing, Queens
• Land Size: 36,296 square feet
• Zoning Floor Area (ZFA): 72,592 square feet
• Price per ZFA (PPZFA): $220

The North Flushing Pool Club, who had owned and operated the property as a swimming pool club for 63 years, was the seller in this transaction. Development Site Advisors® acted as the exclusive and sole broker for the deal. It is worth noting that Development Site Advisors® is actively seeking individuals who are passionate about commercial real estate and aims to train them through their in-house program called Development Site Academy™. They strive to nurture and support a new generation of specialized advisors who can provide exceptional value to property owners and developers.