Wildflower Ltd. pays $8.9M to NYC for parcel in Springfield Gardens, plans charging station

Wildflower Ltd. through the entity Wildflower JFK North, LLC paid $8.9 million to the City of New York through the entity New York City Economic Development Corporation for the unimproved land (V7) at 160-66 Rockaway Boulevard in Springfield Gardens, Queens, just north of the John F. Kennedy International Airport. The expected use is a conversion to a surface lot with electric vehicle charging totaling 65 individual stations within three years, according to documents filed with the transfer.
The deal closed on December 17, 2025 and was recorded on January 5, 2026. The property has zero square feet of built space and 109,228 square feet of additional air rights for a total buildable of 109,228 square feet according to a PincusCo analysis of city data. The sale price per buildable square foot is $81 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for City of New York was Christina Rausch. The signatory for Wildflower Ltd. was Adam I. Gordon . The contract date was October 20, 2025. This is for a fast charging station. The disposition of the property was approved through a ULURP and approved by the City Council in 2019, the filing shows.

Wildflower Ltd. NYC portfolio

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Wildflower Ltd. purchased 10 properties in three transactions for a total of $72.4 million and sold one property in one transaction for a total of $18 million over the past 24 months.
The seller City of New York purchased 10 properties in three transactions for a total of $19.7 million and sold nine properties in four transactions for a total of $375.7 million over the same time period.

The property

The parcel has frontage of zero feet and is zero feet deep with a total lot size of 109,228 square feet. The lot is irregular. 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 $5.9 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

For the tax lot building, it received its initial certificate of occupancy on July 25, 2012. On the lot, there is one active major alteration construction project, Q01174955, for a 74 building. The project was submitted by Ian Taylor with plans filed March 31, 2025 and it has not been permitted yet.

The neighborhood

In Brookville, The majority, or 68 percent of the 4.9 million square feet of commercial built space are industrial buildings, with office buildings next occupying 12 percent of the space. In sales, Brookville has near average sales volume among other neighborhoods with $255.7 million in sales volume in the last two years and is the 12th highest in Queens. For development, Brookville has had very little major development activity relative to other neighborhoods.It had 10,024 square feet of commercial and multi-family construction under development in the last two years, which represents 0.21 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of nine of the 12 commercial properties representing 17,441,279 square feet of the 17,441,279 square feet. The largest owner is Mcr Hotels, followed by City Of New York and then Port Authority Of New York And New Jersey.
On the tax block, there were four new building construction projects totaling 142,029 square feet. The largest is a 56,232 square-foot industrial (F-1) building submitted by Lorinda Logan with plans filed November 10, 2020 and it has not been permitted yet. The second largest is a 53,230 square-foot storage (S-2) building submitted by Bartlett Dairy and filed by Michael Becht with plans filed July 7, 2020 and permitted August 1, 2022.

The majority, or 98 percent of the 17.4 million square feet of built space are specialty buildings, with office buildings next occupying 1 percent of the space.

The seller

The PincusCo database currently indicates that City ff New York owned at least 2,831 commercial properties with 236 residential units in New York City with 156,950,578 square feet and a city-determined market value of $36.9 billion. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 90 percent of the 156,950,578 square feet of built space are specialty properties, with office properties next occupying 4 percent of the space. The bulk, or 35 percent of the built space, is in Brooklyn, with Manhattan next at 25 percent of the space.

Direct link to Acris document. link