The Real Deal New York

Largest Queens development site hits market

December 09, 2011 02:10PM

The largest development site in Queens is on the block, Crain’s reports.

The 18-acre property, at 151-45 Sixth Road in Queens’ Whitestone neighborhood, has been approved for 52 single-family homes, Stephen Preuss, vice president of sales at Massey Knakal, which is exclusively marketing the property, told Crain’s. In addition, the plot includes six underwater acres that could be used to build docks or a marina.

The previous owner defaulted on his loan and the site was foreclosed on by the lender, Preuss said.

Since the site officially hit the market Monday, Preuss said he has received two dozen calls. Currently the property has no asking price. [Crain’s]

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