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Large Development Site on Queens Boulevard Hits The Market for $14.65 Million

A site currently home to Boston Market is listed for sale for $14.65 million. The site is in an area that has seen a great deal of development in recent years. An 8-story, 60 unit complex has gone up next to the site at 50-11 Queens Blvd. (Photo: Queens Post)

April 28, 2021 By Christian Murray

A large piece of property that fronts both Roosevelt Avenue and Queens Boulevard has hit the market with an asking price of $14,650,000.

The site, located at 50-01 Queens Blvd., is currently occupied by Boston Market, which has four years left on its lease with no right of renewal. The listing, put out by Greiner-Maltz, says that Boston Market’s corporate office is willing to discuss a potential buyout of its lease.

The property, which is two blocks from the 7 train, is being listed for its development potential. The site is located in an area that has undergone significant development in recent years. The site, for instance, is adjacent to 50-11 Queens Blvd, which has recently seen an eight-story, 60-unit complex go up.

There are several large developments going up in the area at the present. A 17-story mixed-use building is currently being built on the corner of 51st Street and Roosevelt Avenue. Several other developments are also being built near the 52 St – Lincoln Av train station.

Meanwhile, approximately 60 apartments are going up on 52nd Street near Queens Boulevard.

To view the Greiner-Maltz listing click here

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12 Comments

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SuperWittySmitty

I can’t remember the last time I felt compelled to visit a Boston Market and it seems they’re not trying hard to attract my business, at least compared to some of the other fast-food joints. Considering how many people walk or drive past this site, it has serious potential. I’d like to see it utilized properly in a way that benefits the area.

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More expensive food

Might as well make it yourself or get a chicken from the corner grocery for 6.99.

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Anonymous

Build it up! More units plus declining population (see: 2020 Census) = lower prices! Elementary! The market approach to this is to build up density, then expand infrastructure around density, so that taxpayers money go further. Right now, the progressive NYS legislature just bans everything, which is a sure way to stagnate and ultimately fail.

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More Apartments.

More Inventory, Cheaper rent.

Buy if you can, Any apartment, Anywhere in Sunnyside.

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Sick to My Stomach

Ugh. More people, no new infrastructure. That community board chairman, who stepped down when the goal at the heart of his manipulations became clear, really made a mess out of this place.

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HA. OK.

Exactly what Sunnyside residents were saying before you moved in.

Development is the greatest progress for the city. Stagnation is bad.

SUNNYSIDE FOREVER.

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