400,000-SF Potential MXD Site On the Block

NEW YORK CITY-RKO Plaza, a development site with potential for nearly 400,000 sf of mixed-use property at 135-35 Northern Blvd. is on the block. The asking price is $31.5 million for the proposed development site in the Flushing section of Queens.

Located on the north side of Northern Boulevard at Main Street–the main intersection in Flushing–the RKO Plaza is a proposed development site with plans for a 16-story, 389,016-gross-sf mixed-use building with 200 residential units; 10,175 sf of ground floor retail; a 15,108-sf senior center; 229 parking spaces; and a grand glass entrance facing Main Street, which preserves the interior of the RKO Keith Flushing Theater. The bulk of the theater will be demolished, with the new building constructed over and around the lobby, grand foyer, staircase and ceiling. The adjacent structure will be razed to make way for the garage exit. Additionally, the property contains approximately 35,300 rentable sf.

At 16 stories, the RKO Plaza would, according to a prepared statement, become one of the largest and tallest residential developments in Flushing, with unobstructed panoramic views of Shea Stadium/Citi Field and the Manhattan skyline. Massey Knakal Realty Services has been retained to sell the site.