5728 59th St, Flushing, NY 11378

Queens Development Site with FAR Bonus Rare Queens corner lot with significant air rights potential, existing mixed-use buildings, and value-add or ground-up development options. This rare three-lot assemblage in Maspeth presents a flexible development opportunity for investors, developers, and end-users alike. Spanning approximately 8,060 square feet of land and offering up to 13,300 buildable square feet (with bonus FAR), the site is positioned on a high-visibility corner just off Grand Avenue and the BQE, with over 75 feet of street frontage. Zoned M1-1D, the property offers as-of-right commercial or community facility use and the potential for residential development via CPC special permit. The combined offering includes two 2-story mixed-use buildings, a detached single-family structure, and a rear-lot storage warehouse - all of which can be delivered vacant or with existing tenancy. Whether approached as a value-add hold, boutique condo or rental development, or a mixed-use ground-up project, the flexibility of the site makes it highly adaptable to a range of strategies. Located in a quiet, evolving pocket of western Queens (bordering Brooklyn) with multiple bus routes and strong rental demand, this property benefits from limited neighborhood competition, steady industrial-to-residential transition, and growing developer interest in fringe zones with upzoning potential. Seller is open to the full assemblage or individual lot sale. Schedule a viewing today and take the first step toward making this tremendous investment opportunity yours. Full offering memorandum, rent roll, and zoning analysis available upon request.