14807 15Th Ave Whitestone, NY 11357
This exceptional development opportunity presents 10,000 square feet of vacant land ideally situated at 14807 15th Avenue in Whitestone, New York. The property, encompassing lots 31 and 33 within block 4865/4645, is zoned R3A, offering significant potential for residential construction. An approved plan for the construction of two two-family homes is already in place, streamlining the development process and minimizing pre-construction hurdles. This significantly reduces the time and expense typically associated with navigating zoning approvals and architectural design. The location in Whitestone provides easy access to various amenities, transportation options, and a desirable residential neighborhood. This is a rare chance to acquire a ready-to-develop parcel in a highly sought-after area. The property's size and zoning make it an attractive investment for builders and developers seeking to capitalize on the strong demand for housing in the area. The approved plans provide a clear path to profitability, minimizing risk and maximizing return on investment. This is a turnkey opportunity for immediate development, offering a compelling combination of location, zoning, and pre-approved plans. The asking price for this exceptional property is $2,100,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.