Situated in the vibrant heart of Corona, Queens, this three-story mixed-use building offers a compelling opportunity for investors and owner-occupiers alike. The property features two ground-level commercial units (one vacant) and two upper-level residential units, providing a balanced income stream. All leases are currently month to month terms.
The building's strategic location on Northern Boulevard ensures high visibility and foot traffic, making it ideal for retail or office use. The residential units above offer comfortable living spaces, contributing to the property's versatility.
Corona and the greater Queens area are undergoing a transformative wave of investment and revitalization, further enhancing the appeal of this prime mixed-use property:
Willets Point Redevelopment
Located just minutes from the property, the Willets Point megaproject is set to reshape the neighborhood with:
• 2,500 units of 100% affordable housing
• A new 25,000-seat stadium for NYCFC
• A 250-room hotel
• Extensive new retail, public open space, and community infrastructure
This comprehensive development will create a vibrant, mixed-use district and serve as a major catalyst for local growth.
Metropolitan Park Proposal
Adjacent to Citi Field, a visionary $8 billion development is in planning:
• 50-acre entertainment complex
• Hard Rock Hotel & Casino
• Dining, nightlife, performance venues, and community amenities
Recently approved zoning changes (March 2025) mark a major milestone for this transformative project, anticipated to become a regional destination.
“City of Yes” Zoning Reform
As part of a broader effort to address housing shortages, the NYC Council passed the “City of Yes for Housing Opportunity” zoning amendment in December 2024. This initiative will enable new housing opportunities throughout Queens, increasing density and encouraging sustainable, transit-oriented growth.
Together, these initiatives represent over $10 billion in planned investment—setting the stage for long-term appreciation, increased foot traffic, and enhanced commercial viability for Northern Boulevard and surrounding corridors.