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    72-19 Grand Ave Maspeth, NY 11378

    Sponsored
    For Sale
    $1,185,000

    Prime Corner Lot, Buildable Now

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Maspeth development opportunity presents a 3,154 sq ft R5B zoned lot with a poured foundation, ready for immediate construction. The L-shaped corner property boasts 6,308 sq ft of buildable area as of right, allowing for a mixed-use commercial and residential building. The existing foundation eliminates setbacks, maximizing buildable space. The basement features 12' ceilings, ideal for plumbing and additional floor space. Adding a community facility could further increase the floor area ratio. Three sides of the building will have windows, providing ample natural light. This prime location in Queens County, NY (zip code 11378) offers a wide range of development possibilities, from condos to mixed-use projects. The asking price is $1,185,000. Showings are by appointment only.

    Property Features for 72-19 Grand Ave

    General Information

    Property type
    Land

    HighLights

    • Corner lot location.
    • Buildable floor area ratio (FAR) allows for significant development.
    • Existing poured foundation; build to lot line.
    • Mixed‑use development potential (commercial/residential or condominium).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Maspeth
    County
    Queens
    State
    New York
    Longitude
    -73.890852024782
    Latitude
    40.72865278547

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    FAQs

    What type of property is this?
    Land - Prime Corner Lot, Buildable Now
    Where is this land located?
    The property is located at 72-19 Grand Ave Maspeth, NY.
    What is the asking price?
    The asking price for this property is $1,185,000.
    What are key features of this property?
    This property features: Corner lot location.; Buildable floor area ratio (FAR) allows for significant development.; Existing poured foundation; build to lot line.
    Request Owner's contact information
    72-19 Grand Ave Maspeth, NY 11378
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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
    72-19 Grand Ave Maspeth, NY 11378
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