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    12642 34Th Ave Corona, NY 11368

    For Sale
    $4,000,000

    Land - Corona, NY

    Lot size:
    0.09 Acres
    Days on Market:
    229
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 12642 34Th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    01822-0021
    Lot size
    0.09 Acres

    Building Details

    Architectural style
    Other

    Compass Greater NY LLC (212) 913-9058 [email protected]

    Listing agent Jagmeet S. Bedi (516) 517-4866 License #40BE1170282

    Listing date Apr 29, 2025

    MLS# 854787 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Willets Point Parcel

    This parcel is located in Willets Point, placing it near Citi Field, the incoming 25,000-seat NYCFC soccer stadium (opening 2027), and the newly approved $8 billion Metropolitan Park casino-hotel complex. Currently zoned C4-4 (approximately 3.4 FAR, R7 equivalent), the site supports mid-rise, mixed-use development. City and State plans indicate potential density bonuses. The location provides access to 24/7 7-train express/local service, the Port Washington LIRR, and the Grand Central Parkway and Van Wyck Expressway. The area includes a pedestrian-friendly entertainment core with MLB, MLS, gaming, hospitality, and planned restaurants and shops. The property, with a lot size of 0.0918 acres, is suited for investors, joint-venture partners, or end users considering a lifestyle hotel, branded residences, medical or biotech hub, flagship retail, or a signature mixed-use tower.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Queens
    State
    New York
    Longitude
    -73.843811
    Latitude
    40.759933

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    FAQs

    What type of property is this?
    Commercial land - Land parcel near Citi Field and future stadium and casino.
    Where is this commercial land located?
    The property is located at 12642 34Th Ave Corona, NY.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Prime location in Willets Point, the center of Queens' transformation.; - Proximity to Citi Field, the incoming NYCFC soccer stadium (opening 2027), and the Metropolitan Park casino-hotel complex.; - Zoned C4-4 (3.4 FAR, R7 equivalent) supporting mid-rise, mixed-use development with potential for larger density bonuses.
    (516) 517-4866
    Request Owner's contact information
    12642 34Th Ave Corona, NY 11368
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    Corona, NY 11368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12642 34Th Ave Corona, NY 11368
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