Property summary
This vacant, 2,500 sq ft warehouse in Queens, NY (131-16 101st Ave, 11419) presents a unique redevelopment opportunity. Currently zoned R6B and C2-3, it offers the potential to build 6,400 sq ft of residential zoning floor area, totaling 9,000 sq ft of gross building area. The single-story building sits on a 3,200 sq ft lot (32.04 x 100 ft), with existing dimensions of 32 x 79 ft. The asking price is $1,890,000 ($840/sq ft), and the property is vacant with an occupancy date of April 1, 2024. Annual property taxes are $13,765. This presents a compelling investment for developers seeking to capitalize on the high demand for residential units in this desirable Queens location. The property's size and zoning provide a substantial canvas for creative residential development. This is a rare opportunity to acquire a property with significant upside potential in a thriving market. Serious inquiries only.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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