R7B Commercial Development
For Sale
$8,500,000
4602 88th Street, Elmhurst, NY 11373
Commercial Sale, Elmhurst, NY
Property SizeContact for details
Lot Size0.15 Acres
Days on Market136
Property Features for 4602 88th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7B
Elementary school district
Contact Agent
Middle school district
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High school district
Contact Agent
Standard status
Active
APN
01580-0023
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12236
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1920
Number of units
73
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Joseph DeVito ABR
(516) 770-3782
Added: May 18
Changed: Aug 19
Last Checked: Sep 30 at 5:06PM
MLS# 1001569
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 0.1503-acre commercial land parcel in Elmhurst is designated Map 9d R7B and carries approval for alternative housing configurations. The approved plan provides for 73 affordable housing units or 56 standard units, with parking requirements removed under the zoning framework. Maximum qualifying residential area is 49,931 square feet for affordable housing or 38,409 square feet for standard housing.
The property is located at 4602 88th Street, Elmhurst, NY 11373, in Queens County. Public water and public sewer serve the site, and cable service is available. The approved residential development parameters provide defined unit and area scenarios for evaluating the property.
The property is located at 4602 88th Street, Elmhurst, NY 11373, in Queens County. Public water and public sewer serve the site, and cable service is available. The approved residential development parameters provide defined unit and area scenarios for evaluating the property.
Key Highlights
- Approved for 73 affordable housing units or 56 standard units
- Map 9d R7B zoning designation
- 0.1503‑acre commercial land parcel
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 11373, NY
105,712
Population
34,797
Households
3
Avg Household Size
38
Median Age
30%
College-Educated
75%
High-School Grad
1.5 sq mi
ZIP Area
70,475
Density / Sq Mi
$71,470
Median Household Income
$36,043
Median Earnings
$1,913
Median Rent
$683,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved housing plans allow alternative unit counts with parking requirements removed.
Where is this commercial land located?
The property is located at 4602 88th Street Elmhurst, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Approved for 73 affordable housing units or 56 standard units; Map 9d R7B zoning designation; 0.1503‑acre commercial land parcel
