67-07 Bch Channel Dr Queens, NY 11692

This exceptional 500,000 dollar residential development opportunity is located at 67-07 Beach Channel Drive in Arverne, Queens, New York (zip code 11692). The property boasts approved plans for a four-story building encompassing five residential units, complete with a rooftop deck. This is a turnkey project ready for immediate development, eliminating the lengthy and often costly process of obtaining necessary permits and approvals. The site is situated in a rapidly developing neighborhood, offering significant potential for strong returns on investment. Its prime location provides unparalleled convenience and access to a wealth of amenities. Just one block away is the Tides NYC, a new luxury apartment development, and within two blocks, residents will find the Arverne by the Sea retail center, surf shops, and popular schools. A Stop & Shop supermarket is also conveniently located within a block. For easy transportation, the Beach 67th Street A-Train station is nearby, and a beach ferry shuttle bus stop is across the street. The existing structures have already been demolished, making this a clean and ready-to-build site. This presents a rare chance to capitalize on the burgeoning Arverne real estate market and create a highly desirable residential property in a vibrant coastal community. The property's proximity to the beach further enhances its appeal and potential rental income. This is an ideal opportunity for developers seeking a prime location and a streamlined development process.