The Garage Condominium at - Massey Knakal Realty Services

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thE FUtURE FLUShINg Flushing has seen a significant increase in development in recent years, transforming the neighborhood into a commercial center. Recently, the 407,000 sqf Queens Crossing was close to completion in the new epic-center of Downtown Flushing. Not far, Queens Botanical Garden Visitor & Administration Building opened to a grand fanfare as the first LEED Certified public building in NYC. Sky Parc Center (3.2 million sqf) – 800,00 sqf retail anchored by Target, Home Depot, Best Buy, Staples, Bed Bath & Beyond, and Marshall’s and 1,100 residential units (current) Extension of #7 Subway costing $2.1 billion will make it possible for a non-transfer trip from Main Street Flushing to Manhattan’s far West Side (current) Flushing’s historic RKO Keith’s Theater is a new 17-story building with 200 residential units. The theatre’s grand lobby will be preserved (planned) Flushing Commons (1.9 million sqf) will cost $411 million – 2,000 car parking, 50,000 sqf recreational center, 200-room hotel, 500 residential units, 350,000 sqf retail, 20,000 sqf community/cultural space, and 15,000 sqf small professional space (planned) Flushing Waterfront – the City adopted the Waterfront Access Plan for the Flushing River in 1998. The development of the esplanade includes new walkways, sitting areas and bicycle paths (planned) Queens College Residential Complex – A $63 million plan for 450 to 550 students to live in the dorm and also include added parking spaces for up to 200 cars (planned). Willets Point Redevelopment Initiative – A $3 billion project to remake a 75-acre site at Willets Point, Queens, along the Flushing River just east of Shea Stadium with mixed-use development totaling about 1 million sqf of retail space,a hotel, and a convention center (planned) Strong residential demographics, the echo boomers, new immigrants and retiring baby boomers will generate residential demand in Flushing. Flushing is one of the areas of Queens with large immigrant populations which are showing signs of growth that far outpace the city’s overall growth rate. New residential projects are built to meet this grwoing demand. MAJOR CURRENT RESIDENTIAL DEVELOPMENTS Sky Parc View (1,100 units) – This is the next phase to Sky Parc Center which is completing in 2009 with a 800,00 sqf retail anchored by Target, Home Depot, Best Buy, Staples, Bed Bath & Beyond, and Marshall’s. Unnamed residential building on 41st Road (52 units) – A 133,9928 sqf, 14-story building currently under construction. I II III IV V NEIGHBORHOOD DESCRIPTION 11
I II III IV V NEIGHBORHOOD DESCRIPTION The Parsons Condo (40 units) – A 54,807 sqf, 7-story apartment building which began marketing in Aug 2007. Unnamed residential building on 38th Avenue (23 units) – A 64,277 sqf, 11-story building currently under construction. The Capital (28 units) – A 62,000 sqf, 7-story building. Unnamed residential building on 41st Avenue (25 units) – A 26,300 sqf, 8-story building. Unnamed residential builidng on Barclay Avenue (23 units) – A 28,500 sqf, 7- story building currently under construction. Parsons Point Condo (20 units) – A 34,028 sqf, 6-story building currently under construction. PARKS, OPEN SPACES AND ATTRACTIONS Bowne House (37-01 Bowne St) Bowne Park (29th Ave and 155th St) Flushing Cemetry – resting place of Louis Armstrong, Dr. Adman Clayton Powell, Sr, etc. (163-06 46th Avenue) Flushing Town Hall (137-35 Northern Boulevard) Flushing Meadows-Corona Park (Unisphere, site of 1939 and 1964 New York City World’s Fair) Flushing Quaker Meeting House (137-16 Northern Blvd) Kingsland Homestead, now home of the Queens Historical Society (143-35 37th Ave) Kissena Park – lake, tennis courts, golf course, etc. (Oak and Rose Aves) New York Hall of Science (47-01 111th Street) USTA National Tennis Center (Flushing Meadow-Corona Park) CitiField – the new ballpark for the New York Mets Queens Borough Public Library – Flushing (41-17 Main Street) Queens Botanical Garden (43-50 Main Street) Queen Museum of Arts (Flushing Meadow-Corona Park) Queens Theatre in the Park (Flushing Meadow-Corona Park) Queens College of the City University of New York (6530 Kissena Blvd) Queens Zoo (53-51 111th Street, Flushing Meadows- Corona Park) 12 132-03 SANFORD AVENUE
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Page 3 and 4: 132-03 SANFORD AVENUE TABLE OF CONT
Page 5 and 6: I II III EXECUTIVE SUMMARY V IV PRO
Page 7 and 8: I II FLOOR PLANS III IV V CELLAR 4
Page 9 and 10: I II III DUE DILIGENCE IV V CERtIFI
Page 11 and 12: I II III IV PROPERTY PHOTOGRAPHS V
Page 13: I II III IV V NEIGHBORHOOD DESCRIPT
Page 17 and 18: I II III IV V NEIGHBORHOOD DESCRIPT
Page 19 and 20: I II III IV V NEIGHBORHOOD DESCRIPT
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