Whitestone Lanes’ owner proposes 347-unit mixed-use development in Flushing

Marco Macaluso, a member of the family that owns the Whitestone Lanes bowling alley, filed a land use application for a 347-unit, 468,681-square-foot mixed-use building at 30-05 Farrington Street. The application, filed on October 12, 2022, through the entity Mar Mar Realty LLC, is described as: A zoning map amendment from M1-1 to R7A and zoning text amendment to Appendix F of the Zoning Resolution to facilitate a new 9-story residential development including 367,630 zoning square feet (3.47 FAR) and 347 dwelling units with approximately 11,000 square feet of private open space, and 14,000 square feet of public open space is being sought by Mar Mar Realty LLC at 30-05 Farrington Street in Flushing, Community District 7, Queens. The Applicant intends to comply with MIH through Option 1, so that 25% of residential floor area (comprised of approximately 93 dwelling units) will be set aside as affordable housing for residents with total incomes averaging 60% Area Median Income (AMI).

The project is proposed on three tax lots, including 135-01 31st Road. The zoning is M1-1 which allows for up to 1 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $823,000.

Development

Over the past five years, there has been no NYC Department of Buildings new building, demolition, or alteration permit application valued at more than $20,000 filed for this parcel.

Violations and lawsuits

According to city public data, the property has not received any significant violations in the last year.

There were no lawsuits or bankruptcies filed against the property since September of 2020.

The neighborhood

In Flushing, the bulk, or 45 percent of the 37.8 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 20 percent of the space. In sales, Flushing has near average sales volume among other neighborhoods with $542.6 million in sales volume in the last two years and is the 4th highest in Queens. For development, Flushing has near average amount of major developments among other neighborhoods and is the 5th highest in Queens. It had 2.7 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of one of the three commercial properties representing 86,000 square feet of the 86,000 square feet. The identified owner is City of New York. There are no active new building construction projects on this tax block.

The surrounding

Within a 400-foot radius of 135-01 31 Road, PincusCo identified one commercial real estate item of interests occurred over the past 24 months. It was a sale which Xiaojun Pan bought the 14,786-square-foot, one-unit hotel (H9) on 31-16 Linden Place for $7.7 million from Chung Lam on February 9, 2021.

Direct link to the property’s ACRIS page and link to DOB NOW portal.