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Queens Boulevard Development Site Put on the Market

Developmentproperty-e1474648567381

Sept. 23, 2016 Staff Report

The property that was the short-lived home of a Queens Boulevard lounge/club is for sale listed at $4.9 million and marketed as a “prime development site.”

The site, located at 39-31 Queens Blvd, had been occupied by OT Lounge, which for nearly two years offered an eclectic mix of Greek food, cocktails and sports.

The property was rezoned in 2010 as part of the Sunnyside-Woodside Rezoning and the owner is permitted to build a structure that is four times (it was 1.25 prior to the rezoning) the 3,510 square foot site area.

Meawhile, the site that once housed PJ Horgan’s, Dime Bank, a neighborhood dentist and Center Cinemas on 43rd Street and Queens Boulevard is back on the market.

John Ciafone, who bought the property from Dime Bank for $6.65 million in December 2012 has put it on the market for $19 million.

Ciafone originally said he would develop the site and construct a 5-7 story building with about 60-70 apartments and ground floor retail.

At the time he notified the owner of Center Cinemas and the dentist that he would not renew their lease. He also told PJ Horgan’s he wanted them to leave too.