129-02 Northern Boulevard presents a rare opportunity to acquire a development assemblage in the heart of Willets Point, one of New York City's most significant urban redevelopment initiatives. The property consists of approximately 138,198 SF of land across multiple tax lots and is positioned within the Special Willets Point District, a master-planned redevelopment area transforming the historic Iron Triangle into a mixed-use destination.
The site benefits from C4-4 zoning and offers substantial development potential, including as-of-right residential, commercial, community facility, hospitality, and mixed-use opportunities. Current zoning allows for significant floor area, while the district's assemblage provisions create a pathway to enhanced density through larger-scale development configurations. The property is located adjacent to a multi-billion-dollar public-private investment initiative that includes new affordable housing, a 25,000-seat soccer stadium, upgraded transit infrastructure, public open space, and additional mixed-use development.
With proximity to Citi Field, the USTA Billie Jean King National Tennis Center, the Long Island Rail Road, and the No. 7 subway line, the site offers exceptional regional connectivity. Ownership is considering a sale, ground lease, or joint venture, providing flexibility for developers, investors, and institutional capital seeking a position within this evolving Queens growth corridor.