COMMERCIAL DEVELOPMENT SITE M1-4D F.A.R 6.5

Stelios Hiotis
Licensed Associate Real Estate Broker
Phone: 646.341.0404
Kevin Cargon
Licensed Associate Broker
Phone: 347-698-3106
Liang Li
Licensed Real Estate Salesperson
Phone: 347.860.5005
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: 718-707-0200
Fax: 718-707-0233
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EXCLUSIVE

Location

951 Cypress Ave
Queens NY 11385
Cross street:WEIRFIELD STREET

Property

Ownership: For Sale
Type: Land
Pets: Unknown
Area: 12775 sq ft

Financials

Price: $11,250,000
Annual Taxes: $73,273

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Description

This commercial development is a rare opportunity with amazing potential. The property has 12,775 square foot located on the corner of Cypress Avenue The zoning of the area (M1-4D) has 83,000 square feet buildable for Facility use. The area will be the next Williamsburg with high pedestrian traffic, perfect for retail space and office. The site is just steps away from the popular Myrtle Avenue where M and L trains are located. The property will be delivered vacant.

Block: 3562 Lot: 6

Property Characteristics:

  • Lot Area: 12,775 sq ft (100.92' x 124.5')
  • # of floors: 2 Building Area: 14,197 sq ft
  • Primary zoning: M1-4D Commercial Overlay: None
  • Floor Area Ratio: 1.11
    Max. Allowable Residential FAR: 1.65
    Max. Allowable Commercial FAR: 2
    Max. Allowable Facility FAR: 6.5

Neighborhood

More listings: Ridgewood

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.