Elmhurst Multifamily Development
46-02 88th Street, Elmhurst, NY 11373
For Sale
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Rare development site in Elmhurst, Queens, with significant residential potential.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market169
Property Features for 46-02 88th Street
General Information
Standard status
Class
Lot size
Property subtype
Zoning
Investment Type
Listing Agency:
Keller Williams Greater Nassau
Listed By:
Joseph DeVito · License #NY 30de11611159
Source:
Crexi
Added: May 24
Changed: Oct 26
Last Checked: Nov 6 at 8:57AM
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 Keller Williams Greater Nassau
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Investment Insights
Based on property information with market context.
This multifamily development opportunity is located in Elmhurst, Queens. The property at 46-02 88th Street is a 12,803 square foot development site within an R7B zoning district. Situated in the NYC Inner Transit Zone, the location eliminates parking requirements for future residential development. Zoning and feasibility studies indicate approximately 38,409 buildable square feet as-of-right, with the potential to increase to approximately 49,931 buildable square feet through a qualifying affordable housing component. Conceptual studies illustrate the potential for up to 56 residential units as-of-right and up to 73 units under UAP scenarios. Existing architectural feasibility studies and conceptual massing plans are included. The property is positioned near major transportation corridors, subway access, LIRR connectivity, Queens Boulevard, and the Long Island Expressway. It is surrounded by dense residential neighborhoods, retail amenities, restaurants, and ongoing residential development activity. Elmhurst continues to experience strong rental demand and long-term growth fundamentals, making this an opportunity for a multifamily rental, mixed-income, or long-term hold investment.
Key Highlights
- Large development site (12,803 SF) in Elmhurst, Queens.
- Significant as‑of‑right buildable square footage (38,409 SF), potentially increasing to 49,931 SF with affordable housing component.
- Located in NYC Inner Transit Zone, eliminating parking requirements.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Rare development site in Elmhurst, Queens, with significant residential potential.
Where is this residential land & home lot located?
The property is located at 46-02 88th Street Elmhurst, NY.
What are key features of this property?
This property features: Large development site (12,803 SF) in Elmhurst, Queens.; Significant as‑of‑right buildable square footage (38,409 SF), potentially increasing to 49,931 SF with affordable housing component.; Located in NYC Inner Transit Zone, eliminating parking requirements.
