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34-20 Linden Place,
Queens, NY

Closed
$22,500,000

Overview

Bankruptcy Sale

34-20 Linden Place,
Queens, NY

3 67,197 SF

Description

Northgate Real Estate Group is pleased to present the opportunity to purchase 34-20 Linden Place in a Chapter 11 bankruptcy sale. The retail/commercial asset has 234 feet of combined frontage and is located in the bustling Flushing section of Queens, New York. As a block-through property, the subject has an alternative address of 33-37 Farrington Street. The 67,197 square foot building was built in 1966 and has been renovated a number of times throughout the years, most recently in 2020. There is a below-grade parking garage with a capacity of 105 vehicles that is not included in the rentable area figure. Current tenants include an upscale restaurant, a high-end karaoke lounge, and adult daycare facilities. With a rezoning, there is a large-scale redevelopment opportunity.

Property Snapshot

  • 67,197 SF block-through building
  • 135 feet of frontage along Linden Place and 99 feet on Farrington Street
  • Below-ground parking garage with 105 spaces
  • Current tenants include an upscale restaurant, a high-end karaoke lounge, and adult daycare facilities.
  • Six blocks from the Main Street Subway Station and seven blocks from the LIRR Train Station
  • The property is zoned in an M1 district. This typically includes light industrial uses but offices, hotels and most retail uses are also permitted.

Auction Details

Bid Deadline: October 20th, 2023 at 5:00 PM
Auction Date: October 24th, 2023 at 12:00 PM
Seeking Stalking Horse Bid
Subject To Bankruptcy Court Approval

Area Map

3D Map

  • Tax Map

  • Zoning Map

Description

Northgate Real Estate Group is pleased to present the opportunity to purchase 34-20 Linden Place in a Chapter 11 bankruptcy sale. The retail/commercial asset has 234 feet of combined frontage and is located in the bustling Flushing section of Queens, New York. As a block-through property, the subject has an alternative address of 33-37 Farrington Street. The 67,197 square foot building was built in 1966 and has been renovated a number of times throughout the years, most recently in 2020. There is a below-grade parking garage with a capacity of 105 vehicles that is not included in the rentable area figure. Current tenants include an upscale restaurant, a high-end karaoke lounge, and adult daycare facilities. With a rezoning, there is a large-scale redevelopment opportunity.

Property Id : 40251
Property Size: 67 ft2

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