Adjacent Multifamily Development
For Sale
$6,800,000
148-04 35 Ave, Queens, NY 11354
Package of three adjacent multifamily properties offered with no leases and development potential under R7-1 zoning.
Property SizeContact for details
Lot Size0.15 Acres
Days on Market51
Property Features for 148-04 35 Ave
General Information
Standard status
Active
Lot size
0.15 Acres
Property subtype
Land
Zoning
R7-1
Taxes and HOA fees
Annual Taxes
$102,000
Listing Agency:
Compass Greater NY LLC
Listed By:
Lei Zhu
(917) 569-8850
Source:
Elliman
Added: Jul 16
Changed: Sep 4
Last Checked: Sep 4 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Greater NY LLC
Investment Insights
Based on property information with market context.
The subject property is a package of three adjacent multifamily properties sold with no leases in place, creating a straightforward path for a new development plan. The proposed development would result in a lot area of 6,430 SF and a buildable area of 30,864 SF, subject to applicable approvals.
The assemblage is located in an R7-1 zoning district with a Floor Area Ratio (FAR) of 4.8. WalkScore is 86 (Very Walkable), BikeScore is 58 (Bikeable), and transitScore is 67 (Good Transit), supporting access to daily conveniences and transit options.
As presented, the offering is ideal for developers evaluating redevelopment opportunities for a compact adjacent multifamily footprint within the stated zoning framework.
The assemblage is located in an R7-1 zoning district with a Floor Area Ratio (FAR) of 4.8. WalkScore is 86 (Very Walkable), BikeScore is 58 (Bikeable), and transitScore is 67 (Good Transit), supporting access to daily conveniences and transit options.
As presented, the offering is ideal for developers evaluating redevelopment opportunities for a compact adjacent multifamily footprint within the stated zoning framework.
Key Highlights
- Package of three adjacent multifamily properties offered with no leases
- Proposed development lot area: 6,430 SF; proposed buildable area: 30,864 SF
- Located in an R7‑1 zoning district with FAR 4.8
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 11354, NY
61,276
Population
22,979
Households
2.7
Avg Household Size
45
Median Age
33%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
27,853
Density / Sq Mi
$62,833
Median Household Income
$40,404
Median Earnings
$1,766
Median Rent
$521,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Package of three adjacent multifamily properties offered with no leases and development potential under R7-1 zoning.
Where is this apartment building located?
The property is located at 148-04 35 Ave Queens, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Package of three adjacent multifamily properties offered with no leases; Proposed development lot area: 6,430 SF; proposed buildable area: 30,864 SF; Located in an R7‑1 zoning district with FAR 4.8
