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JLL has been exclusively retained to arrange for the sale of 68-19 Woodhaven Boulevard, a DOB approved/shovel ready multifamily/mixed use development site in Forest Hills/Rego Park, Queens.
- DOB Approved Plans/Shovel Ready Site
- 133 Units: 12 Studios, 96 one-bedrooms and 25 two-bedrooms
- 118 Units with Private Outdoor Space
- 70/30 421A Tax Abatement in Place
- Brownfield Eligible: Generation 2 Program, Track 2
- MIH-Option 2: 30% of Units Affordable at 80% of AMI
The offering presents an opportunity for a developer to build a 7-story, ~91K ZFA multifamily/mixed-use project on a 25,652 SF lot. The project will be comprised of 133 residential units, 6,400 SF of commercial/retail, and 27,644 SF garage containing 60 parking spaces. The Property is already set to receive an Affordable NY 421A Tax Abatement, a benefit that will expire in June and no longer available for new applicants. The site will be delivered shovel-ready with DOB approved plans, an Affordable NY Tax Abatement in place, and acceptance into the Brownfield program (gen. 2, Track 1). The site will require Mandatory Inclusionary Housing- Option 2.