114-20 176 St Queens, NY 11434
- Land
Current Use by Public Records
- Land
Property Details for 114-20 176 St
- Property type
- Land
Description
This exceptional investment opportunity presents two vacant, buildable lots totaling 8,000 square feet, ideally situated within the historic Addisleigh Park district of Queens, New York. Each lot measures 40' x 100', and is zoned R2, permitting the construction of two single-family homes. Proposed plans for these homes are included, streamlining the development process and minimizing pre-construction delays. The property boasts a highly convenient location, just 0.4 miles from the St. Albans train station, ensuring excellent accessibility for future residents. Adding to its appeal is the remarkably low annual property tax of $2,798, representing significant cost savings for developers. The lots are completely ready for construction, eliminating the need for costly and time-consuming demolition work. This subdivision of two individual lots further simplifies the development process, making this a highly attractive and efficient investment opportunity for developers seeking a straightforward path to building two single-family homes in a desirable and established neighborhood. The address is 114-16 & 114-20 176th Street, Jamaica, NY 11434. The asking price is $899,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7738
- Latitude
- 40.6931
