148-04 35 Ave Queens, NY 11354

Listing agency Compass Greater NY LLC s***@compass.com Show Phone

Listed by Lei Zhu Show Phone

Source Elliman

Added: Jul 16 Updated: Jul 21 at 11:25PM Checked: Jul 22 at 12:47PM

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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.

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

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FAQs

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