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    20-14 Cornaga Ave Far Rockaway, NY 11691

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    For Sale
    $950,000

    Development site near transportation with high investment potential.

    Property size:
    14,400 SF
    Lot size:
    0.43 Acres

    Property Features for 20-14 Cornaga Ave

    General Information

    Size
    14,400 SF
    Lot size
    0.43 Acres

    Source: Landair Property Advisors Agent Christopher Daniels

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Far Rockaway Development Site

    Located at 20-14 Cornaga Avenue in Far Rockaway, NY, this development site spans 4,000 square feet and features a corner lot with dimensions of 44.31' x 90.40'. The property's positioning allows for abundant natural light and fresh air. Zoned R6, C2-4, the property has a Floor Area Ratio (FAR) of 2.42, translating to a total residential development potential of 9,680 square feet. The estimated residential rental rate is $50 per square foot in the new building. The site is located 2 blocks away from the Far Rockaway - Mott Avenue A Train Subway Stop. Far Rockaway is experiencing a surge in development, with substantial investments in public infrastructure. Approximately 3,000 residential units have already been built or are in progress. All air rights are intact. The property will be delivered vacant at closing.
    Location Intelligence

    Current Use by Public Records

    Reliable Auto Repair Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Far Rockaway
    County
    Queens
    State
    New York
    Longitude
    -73.740732
    Latitude
    40.604489

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    FAQs

    What type of property is this?
    Commercial land - Development site near transportation with high investment potential.
    Where is this commercial land located?
    The property is located at 20-14 Cornaga Ave Far Rockaway, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime corner lot development site with R6, C2-4 zoning.; - Allows for **9,680 Sq. Ft. of residential development potential** with a 2.42 FAR.; - Excellent accessibility, just 2 blocks from the Far Rockaway - Mott Avenue A Train.
    (917) 238-9119
    Request Owner's contact information
    20-14 Cornaga Ave Far Rockaway, NY 11691
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    Far Rockaway, NY 11691
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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
    20-14 Cornaga Ave Far Rockaway, NY 11691
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