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Cushman & Wakefield to Market Rare Development Site on Queens Waterfront

11/4/2019
Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market for sale 30-55 Vernon Boulevard, a rare mixed-use waterfront development site located in Astoria, Queens.
Queens, NY — Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market for sale 30-55 Vernon Boulevard, a rare mixed-use waterfront development site located in Astoria, Queens.

A Cushman & Wakefield team of Stephen R. Preuss and Andreas Efthymiou are representing the seller, Eastone Real Estate, in all marketing efforts.

“The prime location of this assemblage on the Astoria waterfront is an excellent opportunity for a developer looking to capitalize on the increasing popularity of the neighborhood,” Preuss said. “As the area continues to undergo rapid development, this rare corner site will emerge as a highly sought after property.”

30-55 Vernon Boulevard is an assemblage of four tax lots on a corner that wrap around Vernon Boulevard and 30th Road. The site currently features a single-story warehouse and vacant parking lot. The neighborhood is undergoing massive development with the entire block across the street being developed into a large mixed-use residential property.

The site sits in a C1-3 / R7A / R5B zoning area and boasts an approximate combined mixed-use buildable square footage of more than 89,000 square feet and approximately 121,428 square feet with inclusionary housing and community bonus. The site has approximately 366’ of linear frontage with 180’ on Vernon Boulevard. The property can be delivered with approved plans in place.

An attractive neighborhood for New York City commuters, Astoria has experienced unprecedented growth thanks to its access to public transportation. 30-55 Vernon Boulevard is located in close proximity to multiple subway stations including the N and W trains at Astoria and Ditmars Boulevards and is within walking distance to the Astoria ferry stop.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications
Michael Boonshoft

Director, Americas PR & External Communications • New York

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