163-01/19 Horace Harding Expressway Flushing, NY 11365 ...

Marketing Package for:
163-01/19 Horace Harding Expressway
Flushing, NY 11365
Prepared By:
Stephen R. Preuss
First Vice President of Sales
Massey Knakal Realty Services
118-35 Queens Blvd., 14th Floor
Forest Hills, NY 11375
Tel: (718) 275-3400
Fax: (718) 275-5478
Cell: (516) 647-7155
Email: spreuss@masseyknakal.com
2009

Property Photo
163-01 Horace Harding Expressway

Property Photos
163-19 Horace Harding Expressway

Property Photo
163-01/19 Horace Harding Expressway

Property Photos

Executive Summary

Executive Summary

Lease Abstracts

Aerial Photo
163-01/19 Horace Harding Expressway

Aerial Map
Subject Property

Building Summary & Tax Map
163-01/19 Horace Harding Expressway
Fresh Meadows, NY 11365
Block 6741
Lot 1 & 6
The subject property is a 41,000 Sf, five-story office building with contiguous 10k SF
vacant lot currently being used for 50 parking spaces located on the northeast corner of the
Horace Harding Expressway and 163 rd Street between 164 th Street in Flushing, Queens.

Zoning Information
New York City’s zoning regulates permitted uses of the property; the size of
the building allowed in relation to the size of the lot (“floor to area ratio”);
required open space on the lot, the number of dwelling units permitted; the
distance between the building and the street; the distance between the
building and the lot line; and the amount of parking required. The
commercial district has eight different classifications. The residential district
has ten different classifications.
163-01/19 Horace Harding Expressway
Commercial FAR: 1.0 / Residential FAR: 1.35
Subject Property

Zoning Information
Excerpt From Department of City Planning

Zoning Information
Excerpt From Department of City Planning

Neighborhood Map
163-01/19 Horace Harding Expressway
Subject Property

Neighborhood Background
Fresh Meadows is a primarily residential neighborhood in the northeastern portion of the borough of Queens in
New York City. It is bordered to the east by Francis Lewis Boulevard and Cunningham Park, to the south by
Union Turnpike, to the north by Kissena Park, and to the west by Utopia Parkway and Fresh Meadows Lane. It
is located on the Flushing or northeast side of Hillcrest, which divides Flushing and Jamaica. It is located east of
the more urban Forest Hills and west of the larger Bayside. The neighborhood is part of Queens Community
Board 8 and is serviced by the 107th Precinct of the New York City Police Department (NYPD).
Fresh Meadows was previously known as Black Stump, for the rows of blackened stumps that marked the
boundaries of the area’s many farms. Black Stump Road, now 73 rd Avenue, was one of two roads that ran
through Fresh Meadows during colonial times. Fresh Meadows Golf Course, created by Benjamin C. Ribman, a
Brooklyn resident, opened in 1923 and hosted the 1932 United States Open. The golf course, located near the
intersection of 188th Street and Horace Harding Boulevard, was sold to the New York Life Insurance Company
on April 1, 1946 for the construction of a residential community. The development, completed in 1949, was
dubbed a “model urban community” and was praised by the urban historian Lewis Mumford as “perhaps the
most positive and exhilarating example of community planning in the country.” In addition to both single-family
and high-rise buildings, New York Life built a shopping center, a theater, and schools on the 141-acre property.
The development was sold in 1972 to Harry B. Helmsley for $53 million, after which a battle began over further
development and the use of its open space. A settlement was reached in 1982 and today, the neighborhood’s
6,100 private homes and 7,750 rental units are home to over 35,000 residents. The City acquired the land for
Fresh Meadows Park in three stages. The first portion of land was acquired by condemnation on May 2, 1947,
the second by a local law passed on July 22, 1948 that freed up land formerly used for North Hempstead
Turnpike. A donation from the New York Life Insurance Company to the City on January 15, 1948, extended
the park to its current dimensions. In 1995 Mayor Giuliani funded a $60,000 renovation of Fresh Meadows Park,
which repaired paved areas and improved other sites. Today the park’s many trees create shade along Horace
Harding Boulevard, and benches provide a pleasant place for pedestrians to sit and rest. Additionally, Kissena
Park and Cunningham Park are both located adjacent to Fresh Meadows.
Fresh Meadows is considered one of the more affluent neighborhoods in Queens and has also, historically and
traditionally, been home to one of New York City's most thriving Jewish communities, with the Jewish
population at one time making up 90% of all people who live in Fresh Meadows. Today, the estimate places the
percentage at around 60%, with an increasing number of younger, Asian American families moving into the
neighborhood.
Since there is no New York City subway station located in it, Fresh Meadows is not usually considered a
transportation hub of east Queens. However, several bus lines service the neighborhood. The Long Island
Expressway runs through the neighborhood. Primary streets are 188th Street, Horace Harding Expressway, 73rd
Avenue, Utopia Parkway, and Fresh Meadow Lane. Booth Memorial Avenue, formerly North Hempstead
Turnpike, connects Fresh Meadows to Kissena Park.
Fresh Meadows is also home to St. Francis Preparatory School, the largest Catholic high school in the United
States. Francis Lewis High School, P.S. 26 Rufus King school, M.S. 216 George J. Ryan Middle School, and
P.S. 173 The Fresh Meadows School are other notable schools within its precincts. Additionally, St. John's
University is located in adjacent Jamaica, and borders the Fresh Meadows neighborhood.

Community Services in Flushing

Banks in Flushing

Hospitals in Flushing

Hotels in Flushing

Major Retail in Flushing

Schools in Flushing

Neighborhood Character
Neighborhood Boundary …
Flushing is a northern-central neighborhood within the borough of Queens. Its
boundary is generally defined as north on Elder Avenue, south on Northern
Boulevard, east on 114th Street, and west on 158th Street.
Flushing History …
The neighborhood core is the largest urban center in the borough, and it is the
wealthiest and the largest Chinatown in New York City. Until the 1970s, Flushing
was mostly an Italian and Greek neighborhood. Since the economic blight of the
1970s, Flushing has changed dramatically. The neighborhood is now home to a
vibrant middle class and blue-collar community. Increasingly prosperous Chinese
and Korean communities have grown to be the dominant groups. Flushing has a
rich history of tolerance and diversity. In 2000, 58.5% of Flushing’s population
was foreign-born – well above Queens and New York City’s averages.
Thriving Economy …
Downtown Flushing, a transportation hub, is now the busiest shopping district in
Queens, with several large mixed-use real estate development planned. The
downtown sidewalks pulse with people of all nationalities but predominantly East
Asians. Signs in Chinese are at least as prominent as those in English. The
Flushing Chinatown is a real American fusion.
Flushing Main Street puts most Main Streets to shame with its range of shops from
established brand stores such as Macy’s, Old Navy, Payless Shoes and Benetton
Outlet to the tiniest neighborhood herbalists, from Starbucks to bubble tea cafes,
from burgers to dumpling stands. The stores further south on Main Street cater to
South Asians: the Pakistanis, Indians, Sikhs, and Afghans. Northern Boulevard
also bustles, but with less foot traffic. It's an extended Koreatown strip that
stretches east through Bayside and into Nassau County.
Eatery Galore …
Flushing is known for its selection of authentic, reasonably priced ethnic
restaurants. A popular Asian restaurant district is centered at the intersection of
Prince Street and Roosevelt Avenue. Latin cuisine can be found on College Point
Boulevard near Sanford Avenue.
Decreasing Crime …
The crime rate in Flushing has dropped significantly since the 1990's, mirroring
the city-wide decrease in crime.

Neighborhood Development
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)
•Citi Field (45,000-seat) costing $600 million, is under construction within Shea
Stadium's parking lot, is scheduled for completion in 2009 (current)
•Extension of #7 Subway costing $2.1 billion will make it possible for a nontransfer
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)

Neighborhood Development
New Residences
Looking to stay …
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.
Some major current residential developments are:
• 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 41 st Road (52 units) – A 133,9928 sqf, 14-story
building currently under construction.
• The Parsons Condo (40 units) – A 54,807 sqf, 7-story apartment building which
began marketing in Aug 2007.
•Unnamed residential building on 38 th 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.
• Unname residential builidng on Barclay Avenue (23 units) – A 28,500 sqf, 7story
building currently under construction.
• Parsons Point Condo (20 units) – A 34,028 sqf, 6-story building currently under
construction.

Major Development Projects

Major Planned Development Projects

Major Current Development Projects

Neighborhood Character
Numerous Parks, Open Spaces and Attractions …
• Bowne House (37-01 Bowne St)
• Bowne Park (29 th Ave and 155 th 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 37 th
Ave)
• Kissena Park – lake, tennis courts, golf course, etc. (Oak and Rose Aves)
• New York Hall of Science (47-01 111 th St)
• USTA National Tennis Center (Flushing Meadow-Corona Park)
• Shea Stadium and CitiField (under construction)
• 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 (53-51 111 th Street, Flushing Meadows-Corona Park)

Neighborhood Character
A Flushing Potential …
• Flushing has the largest Chinese community in NYC
• In 2000, 58.5% of Flushing population was foreign-born (c.f. 35.9% citywide)
• New immigrants in Flushing comes from more than 86 countries
• The Downtown Flushing Transit Hub Business Improvement District was formed
in 2003
• Each day, more than 50,000 commuters transfer between the Long Island Rail
Road, Flushing Main Street subway line and public and private buses
• Between 1994 and 2004, the number of businesses grew by 54.6% in Flushing (c.f.
9.6% citywide)
• Between 1994 and 2004, job growth in Flushing was 12.1% (c.f. 6.9% citywide)
• The total wages paid in Flushing grew at a faster rate than citywide, increased by
8%
• About $1.2 billion in wages were paid in Flushing in 2004
• In 2004, the average salary in Flushing reached $35,264 – a 3.4% increase from
2003
• Many immigrant-owned businesses in NYC continued to create jobs even during
the slow-down in the economy after September 11. Totals jobs in Flushing-Murray
Hill area increased by 16.2% (c.f. declined of 1.9% citywide)
• Downtown Flushing boasts more than 800 businesses including at least 30 banks
• As of June 2006, its banks and financial services held more than $3.7 trillion in
assets
• Chinatown private transportation companies charge inexpensive fares to transport
passengers throughout the Northeast corridor. The buses and vans transport workers
to jobs at casinos in Connecticut and warehouses in Northern New Jersey, among
many other destinations

Neighborhood Character
Interesting Flushing Facts …
• The great ash heap/valley of ashes in F. Scott Fitzgerald’s The Great Gatsby
was spruced up for the 1939 World's Fair and is now Flushing Meadows-
Corona Park.
• The 1939 New York World’s Fair was held in Flushing Meadows-Corona
Park, the New York City Pavilion from that event now houses the Queens
Museum of Art. The building was temporarily the home of the United Nations
and is where the State of Israel was voted into existence in 1947.
• Two New York City Police Department officers were killed examining a
bomb they removed from the British Pavilion on July 4, 1940.
• The 1964 New York World’s Fair was held in Flushing Meadows Park;
remnants include the Unisphere and Philip Johnson's New York State Pavilion.
• Archie Bunker, the fictional character from the 1970s American television
sitcom All in the Family, attended Flushing High School.
• Betty Suarez of Ugly Betty attended Queens College in Flushing, as did reallife
comedians Jerry Seinfeld, Ray Romano, Fran Drescher, and composer
Marvin Hamlisch.
• The rock band KISS first played at the Coventry Club on Queens Boulevard in
1973, and is said to have derived its name from "Kissena," one of Flushing's
major streets.
• North Flushing, the area nearest to Bayside and Whitestone is an area of single
family homes near Bowne Park, many of which are quite exquisite. This area is
located between 29th Avenue and 35th Avenue, and 155st and 164th Streets. It
has recently been granted landmark status.
• Flushing's Waldheim area is known for its beautiful, individually crafted
homes. Its 110 original houses made up Queens' first estate subdivision.
• The disk-topped towers of Philip Johnson's New York State Pavilion from the
1964-65 fair were featured in the movie Men In Black as the "spaceship" in
which the alien attempted to escape.

Transportation Description
Flushing is a central transportation hub with major air, rail, bus and highway links
located within a half-mile (800 m) radius of its downtown.
Public Transportation to Flushing: Subway, Train, and Bus
The New York City #7 subway serves downtown Flushing with its terminal station
on Flushing Main Street and Roosevelt Avenue. The Willets Point-Shea
Stadium also serves this neighborhood. The Long Island Rail Road (LIRR) train
on the Port Washington line stops one block away on Main Street. Flushing is a 25minute
rush hour commute on the #7 subway to Grand Central Station, and a 17minute
on LIRR to Penn Station.
Over a dozen local bus routes serve Flushing with destinations in Nassau County by
MTA Long Island Bus, the Bronx by MTA Bus, and Jamaica and other Queens
neighborhoods by MTA New York City Transit buses. Buses serving Flushing are
Q13, Q14, Q16, Q17, Q20A, Q20B, Q25, Q34, Q44, Q58, Q65, Q66, and QBx1.
The x51 runs express to midtown. MTA Long Island Buses serving this
neighborhood are N20 and N21. Private buses runs frequently from Flushing (56-
12 134 th Street) to Manhattan’s and Brooklyn’s Chinatowns.
Driving Directions to Flushing
It is fairly easy to drive to Flushing. Northern Boulevard, Roosevelt Avenue and
Main Street are the three most prominent thoroughfares. Drivers could exit the
Whitestone Expressway (I-678/Van Wyck) at Northern Boulevard or exit the Long
Island Expressway (I-495) at Main Street.
Parking in Downtown Flushing
There are four Flushing Municipal Parking Fields - 37th Avenue and Union Street
(1,101 spaces); 38 th Avenue/39 th Avenue, West of Main Street (89 spaces); next to
the LIRR station at 41 Avenue, West of Main Street (157 spaces); and beneath
Northern Boulevard viaduct on the east side of College Point Boulevard (93
spaces). There are also several private parking lots, like the one across from the
Flushing Mall at Prince and 39th Avenue.
On a weekday you might find a spot on the side streets around the Flushing Mall.
The farther you go toward College Point Boulevard (west of Main), the more likely
you will find street parking. Residential streets like those east of Union tend to have
parking restrictions.
Airports
LaGuardia Airport is located 10-minutes away by car or bus. JFK International
Airport is 25-minutes away.

LIRR Map
The Port Washington Branch of the Long Island Rail Road (LIRR) serves
Flushing. Its stops include Shea Stadium, Flushing Main Street (west side of
Main Street between 40 th Road and 41 st Avenue, one block south of #7 terminus
Subway Station), Murray Hill and Broadway.
Subject

Subway Map
Flushing is one of the most vibrant, dynamic areas in New York City. It is served
by the #7 subway line; home to the busiest subway station outside Manhattan.
The #7 line stops at Flushing – Main Street, where commuters can travel to
Grand Central Station in only 30 minutes. The Long Island Railroad is adjacent
to the Main Street subway and 11 MTA and private bus lines run to the Main
Street station. Direct bus service links the area to La-Guardia Airport.

Bus Map
Downtown Flushing has excellent bus access with 19 lines converging in this
area. 16 buses terminate at Main Street & Roosevelt Avenue. Direct bus service
links the area to La-Guardia Airport. Private buses runs frequently from Flushing
(56-12 134th Street) to Manhattan’s and Brooklyn’s Chinatowns.