April 28, 2021 By Christian Murray
A large piece of property that fronts both Roosevelt Avenue and Queens Boulevard has hit the market with an asking price of $14,650,000.
The site, located at 50-01 Queens Blvd., is currently occupied by Boston Market, which has four years left on its lease with no right of renewal. The listing, put out by Greiner-Maltz, says that Boston Market’s corporate office is willing to discuss a potential buyout of its lease.
The property, which is two blocks from the 7 train, is being listed for its development potential. The site is located in an area that has undergone significant development in recent years. The site, for instance, is adjacent to 50-11 Queens Blvd, which has recently seen an eight-story, 60-unit complex go up.
There are several large developments going up in the area at the present. A 17-story mixed-use building is currently being built on the corner of 51st Street and Roosevelt Avenue. Several other developments are also being built near the 52 St – Lincoln Av train station.
Meanwhile, approximately 60 apartments are going up on 52nd Street near Queens Boulevard.
To view the Greiner-Maltz listing click here