172-28 Henley Rd Queens, NY 11432
- Land
Current Use by Public Records
- Land
Property Details for 172-28 Henley Rd
- Property type
- Land
Description
This exceptional 6,550 square foot vacant lot presents a remarkable opportunity for developers and investors. Located in the vibrant Jamaica neighborhood of Queens, New York, this property boasts an R5 zoning designation, allowing for a diverse range of development possibilities. Approved plans are already in place for the construction of a four-story building comprising eight residential units, streamlining the development process and minimizing potential delays. The lot dimensions measure 50 feet by 131 feet, providing ample space for this project or alternative development schemes. Situated on a busy street, the property benefits from high visibility and excellent accessibility, further enhanced by the presence of new developments in the immediate vicinity, indicating a thriving and growing area. The asking price for this strategically located and well-positioned property is $1,500,000. This represents a compelling investment opportunity in a rapidly developing area of Queens, offering significant potential for substantial returns. The property address is 172-28 Henley Rd, Queens, NY 11432. Don't miss this chance to acquire a prime development site in a highly sought-after location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.7908
- Latitude
- 40.7141
