- Address: 102-05 Ditmars Boulevard, East Elmhurst, Queens, NY 11369
- Seller: ASAP LGA East Elmhurst LLC
- Size: ~526,000 Buildable Square Feet, 2+Acre Lot
- Brokers involved in the transaction: RIPCO’s Stephen R. Preuss Sr. and Kevin Louie
- About the property + surrounding area: 102-05 Ditmars Boulevard is a ~526,000 buildable-square-foot development on two+ acres at LaGuardia Airport. The property has 600+ feet of frontage on Ditmars Boulevard and Grand Central Parkway. The zoning allows for a mixed-use building, commercial office building, corporate headquarters, medial facility, assisted living facility and much more. 102-05 Ditmars Boulevard is conveniently located off the Grand Central Parkway providing easy access to the Brooklyn Queens Expressway, Long Island Expressway and several bridges.
- Quote: “The approved development site allows for a developer to take advantage of a flexible mixed-use zoning in-place with a residential-driven bulk in a high-barrier to entry sub-market in East Elmhurst. The subject neighborhood is starved for a new-construction work-force residential development of scale inclusive of proper amenities with potential retail and office components. The obvious synergies with the newly renovated world-class LaGuardia Airport and the surrounding neighborhoods of Flushing & Astoria make this a highly desirable opportunity.” – Stephen R. Preuss Sr., Vice Chairman at RIPCO.
RIPCO to Handle Sale of 102-05 Ditmars Boulevard
