67-01 Roosevelt Ave
Mixed Use | 12,250 SqFt
Marketing description
Woodside, Queens. The commercial and development market surrounding 67-01 Roosevelt Avenue is defined by exceptionally strong transit-oriented demand, rapid post-pandemic retail recovery, and significant legislative zoning upsides. Located on the border of Woodside and Jackson Heights, this submarket is one of the most densely populated and heavily foot-trafficked corridors in New York City.
The site is positioned perfectly for a "Transit-Oriented Development" (TOD) thesis. It sits steps from the 69th St Subway Station (7 Train) and just blocks from the 74th St-Broadway/Roosevelt Ave Hub (E, F, M, R, 7 lines). The 74th St hub averages an immense 45,000+ weekday commuters.
The area surrounding 67-01 Roosevelt Avenue is one of the most high-performance, transit-dense transit oriented development submarkets in Western Queens.
Unlike Manhattan commercial corridors heavily impacted by remote-work shifts, Roosevelt Avenue functions as a hyper-dense ethnic shopping and service core. Foot traffic remains entirely stable 7 days a week, rather than dropping off on weekends.
Investment highlights
- Zero Subterranean Risk: Foundation is 100% poured. Bypasses soil, underpinning, and water table liabilities.
- Compressed Timeline: Slashes construction schedule by 6 to 12 months. Eliminates carrying costs.
- Immediate Mobilization: Active DOB plans convey with the sale. Frame and pour superstructure from Day 1.
- Instant Equity Arbitrage: Acquire based on 12,250 SF plans; utilize new zoning for a 1,550 SF free bonus.
- Diversified Revenue Streams: Blends high-traffic retail, 10 rental units, and recession-proof medical space.
- Elite Transit Hub Location: Steps from the 7 train corridor. Guarantees structural downside protection and low vacancy.
- No Excavation Risk: Foundation is already poured and done.
- Fast-Tracked Timeline: Slashes carrying costs and building schedules by 6-12 months.
- Instant Equity Bonus: New zoning allows up to 13,800 SF (+1,550 SF over approved plans).
- Elite Transit Location: Steps from the 69th St Subway (7 Train) and Woodside LIRR
- The "City of Yes" Advantage: Regional zoning updates like NYC's City of Yes framework have actively optimized transit-proximate parcels, immediately validating the 13,800 SF maximum threshold noted on the site's survey.
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