Property summary
This exceptional 51,376 sq ft corner lot in Far Rockaway, Queens, presents a remarkable development opportunity. Located in a Qualified Opportunity Zone, this property boasts R5/R4A zoning, allowing for a diverse range of uses. Plans are available for a four-story building encompassing approximately 45,000 sq ft of residential space (51 apartments) and 17,000 sq ft of community facility space, all situated above 63 parking spaces. The zoning permits up to 102,752 sq ft of community facility space. Its prime location, just one block from the beach and three blocks from the A train, offers unparalleled convenience. Nearby amenities include a playground, public schools, and national retailers such as CVS, Bank of America, and McDonald's. JFK International Airport and Resorts World Casino are a short 20-minute drive away. With 389 feet of frontage on Beach 28th Street and Seagirt Avenue, this site presents a unique chance to capitalize on the vibrant Far Rockaway market. The asking price is $4,000,000.
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6 recent transactions · within 1.5 miComparable in this City
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Property description
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Zoning
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