NYC Council has Officially Approved $413,000,000 Million in New Community Investments. This will dramatically impact the area and the property located at 172-12 Linden Blvd. Including Allowing for Added Stories and Increased FAR. Please read full plan details below by accessing link:
https://council.nyc.gov/press/2025/10/09/2986/
Current Configuration
This is a Prime Mixed Use Property located in the Historic District of Jamaica Queens referred to as Addisleigh Park. The ground floor is currently leased to a prominent government official and their are 2 residential units. The two-bedroom was just renovated and vacant and the one-bedroom is on a month to month basis. Potential to deliver vacant. The Government Official lease expirees on 12/31/25 and can renewed for a long-term lease with rent starting at $5,000 to $6000 per month with increases. This lease will be guaranteed by NYC. This retail space can also be delivered vacant. Apartment rents are below market. Property is well maintained with new gas fired efficient furnace, hot water heater and electric panel. Shopping and MTA Bus service are literally within 500 feet of the Subject Property. Seller is motivated to make a deal. Call Richard at 516 -639 0021 for details. Call Richard Diller for Income and Expenses
Please see Press Release Below as to New $413 Million Dollar Neighborhood Plan below just Approved Oct 2025. Zoning has been expanded to R7 with Increased FAR.
See Press Release Link Below