Development opportunity in Elmhurst.


Property

Website:https://www.nestseekers.com/5635737
Address:
New York, NY 11373
Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,299,000
Annual Taxes:$6,654

Description

Development opportunity in Elmhurst. This development site offers an approximately 25ft*90ft lot totaling 2,252 SF and is located within an R6B zoning district. A full set of architectural plans is available, illustrating a possible four-story, eight-unit residential development. This presents an attractive opportunity for a boutique developer or investor seeking a multifamily or build-to-rent project. The buyer may also redesign the plans to suit their own development needs. Competitively priced, this cleared development site presents an attractive value opportunity for the next developer or investor. Conveniently located near the Grand Ave–Newtown subway station, Queens Boulevard, shopping, restaurants, public transportation, and major roadways, with easy access throughout Queens and to Manhattan. Property is being sold as-is. Buyer should independently verify zoning, plans, buildable square footage, utilities, and development details.

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of B Square Realty