4312 50th St - 20,000 sf Retail/Investment

Ultra Rare Queens Investment Opportunity

Property Details

Location

Address
4312 50th St, Sunnyside, Queens, NY 11377
Cross Street
Roosevelt
Block
138
Lot
25
Subway
7
Highways
Brooklyn Queens Expy Long Island Expy

Sq Ft

Available Space
20,000 sf
Buildable SF
41,800 sf
Bldg Area
20,000 sf
Bldg Dimensions
100' x 99'
Floors
10,000 sf Lower 10,000 sf Grnd
Plot
10,450 sf

Financials

Asking Sale
Call or Email
Assessments
$1,109,250.00
Taxes
$96,508.00

Construction

Use
Development Investment Retail
Bldg Description
2-story
Stories
2
Bldg Material
Fireproof
Heat
Gas
Ceiling
12'
Zone
C1-4 R7A
FAR
4
Year Built
1951

Image Gallery

Documents

4312 50th Street OM
4312 50th St - 20,000 sf Retail/Investment Brochure

Area Profile

7
Brooklyn Queens Expy
Long Island Expy

Sunnyside is the unrecognized star of western Queens. A small, middle-class neighborhood, Sunnyside has a homogeneous urban look with many six-story buildings. One section, Sunnyside Gardens, has a more suburban feel. Also it's rich with transportation and restaurants.

So close to Manhattan and the Empire State Building that you can pinch it, Sunnyside is 15 minutes from Midtown by the #7 subway. It rides high above multi-lane Queens Boulevard, which splits the neighborhood in half. To Sunnyside's south, the Long Island Expressway is the border with Blissville. To the west, the huge Sunnyside Railyards separate the neighborhood from Long Island City and Astoria. To the east there's New Cavalry Cemetery and, roughly along 50th Avenue, Woodside, which is more a partner than a neighbor.

Main streets are: roaring Queens Boulevard, bustling shopping on Greenpoint Avenue, and quieter commercial strips on 43rd and Skillman Avenues. Industry takes over west of 39th Street.

The planned community of Sunnyside Gardens, started in 1924, was inspired by the English garden city movement. The Gardens is a mix of attached single-family, two-family, and three-family homes and one co-op, along tree-lined streets, north of Queens Boulevard.

On several of Sunnyside Gardens's seven plus blocks, homes share a common interior garden. Residents also share a private park. The Sunnyside Gardens Preservation Alliance works for neighborhood landmark status.

Zoning

C1 districts are mapped as commercial overlays within residence districts. They are mapped along streets that serve the local retail needs of the surrounding residential neighborhood.

Typical retail uses include grocery stores, restaurants and beauty parlors, catering to the immediate neighborhood. C1 districts are more restrictive than C2. In mixed residential/commercial buildings, commercial uses are limited to one or two floors and must always be located below the residential use.

C1-4 is a commercial overlay district with a depth of 100 feet. These districts are largely found in throughout the city's lower and medium-density districts.

Overlay districts are distinct from other commercial districts in that residential bulk is governed by the residence district within which the overlay is mapped. All other commercial districts that permit residential use are assigned a specific residential district equivalent.

When residences are constructed in any commercial district, certain regulations that apply in residence districts are waived, such as front and side yard requirements.

C1-4 overlays mapped in R1 through R5 districts have a maximum commercial FAR of 1.0. When mapped in R6 through R10 districts, however, the maximum commercial FAR is 2.0.

Commercial parking requirements are highly complex, reflecting traffic-generating qualities of the various commercial uses, their size and proximity to mass transit. Generally, the lower the numerical suffix, the more off-street parking is required in a particular district.

The Quality Housing bulk regulations which are mandatory in R7A districts, typically produce high lot coverage, seven- and eight-story apartment buildings, blending with existing buildings in many established neighborhoods. R7A districts are mapped along Woodhaven Boulevard in Queens and Ocean Parkway in Brooklyn.

The floor area ratio (FAR) in R7A districts is 4.0. Above a base height of 40 to 65 feet, the building must set back to a depth of 10 feet on a wide street and 15 feet on a narrow street before rising to its maximum height of 80 feet. In order to preserve the traditional streetscape, the street wall of a new building can be no closer to the street line, up to a depth of 15 feet, than any building within 150 feet on the same block. The area between a building's street wall and the street line must be landscaped.

Off-street parking is not allowed in front of a building. Parking is required for 50% of dwelling units and may be waived if 15 or fewer spaces are required.

View All Our Listings
Exclusive

Send Us a Message