0 31St St Queens, NY 11691

This exceptional 63,337 square foot residential development site in Queens, New York, presents a unique investment opportunity. Located in the desirable Far Rockaway area, this property boasts R5 zoning, permitting the construction of up to 79,171 buildable square feet of residential space. The site comprises five vacant lots, strategically positioned between Beach 30th and 31st Streets, offering convenient access to Lewmay Road. Its prime beachfront location places it steps from the beach and boardwalk, enhancing its appeal and potential for high returns. The area is well-served by public transportation, with the Q22, Q113, and Q114 bus stops nearby, and the A train subway station at Beach 25th Street a short 10-minute walk away. Local amenities include CVS, Shop Fair Supermarket, Bank of America, and Dunkin' Donuts, ensuring convenience for future residents. Furthermore, the property benefits from its proximity to several schools and its location within the Special Downtown Far Rockaway District, rezoned in 2017 to stimulate development and foster a thriving mixed-use community. This presents a rare chance to capitalize on the area's revitalization and create a significant residential development in a highly sought-after coastal location. The asking price is $7,000,000. The zip code is 11691.