New York, NY 11691

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.4 Acres

Financials

Price:$4,980,000
Annual Taxes:$17,348.96
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Momentum Real Estate, LLC

Exceptional development opportunity in the heart of Downtown Far Rockaway, one of Queens rapidly evolving transit oriented corridors.

Description

Exceptional development opportunity in the heart of Downtown Far Rockaway, one of Queens’ rapidly evolving transit-oriented corridors. Situated within the Special Downtown Far Rockaway District, this approximately 16,330 SF site offers roughly 100 feet of frontage along Cornaga Avenue, just steps from the Mott Avenue transit hub. Primarily zoned R6 with a C2-4 commercial overlay, preliminary analysis indicates approximately 63,000–74,500 buildable SF, with the potential for approximately 75–90 residential units plus ground-floor retail, subject to independent verification. With the A subway and LIRR nearby, significant public investment in Downtown Far Rockaway, and substantial development activity throughout the surrounding corridor, 18-45 Cornaga Avenue presents a rare opportunity to acquire a sizable development site positioned for continued growth. All zoning, FAR, buildable square footage, and unit counts are approximate and subject to purchaser’s independent due diligence.

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.