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Property profile

465 Bch 62 St Queens, NY 11692

OFF-MARKET
Land
Property ID
US63-4241366
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Property summary

AI-generated overview

This exceptional 36,000 square foot vacant land parcel presents a unique opportunity for short-term lease in the desirable Far Rockaway neighborhood of Queens, New York. Located at 465 Beach 62nd Street, this single-tenant property boasts a generous 36,000 square feet of buildable land, ideal for a variety of development projects. The property's zoning designation is R4-1, offering flexibility for potential uses. The parcel's address is 465 Beach 62nd Street, Queens, NY 11692, with GPS coordinates of 40.594591 latitude and -73.791881 longitude. The Assessor's Parcel Number (APN) is 16015-50. This is a rare chance to secure a substantial land area in a vibrant coastal community. The short-term lease allows for flexibility and adaptability to changing market conditions. Serious inquiries are encouraged to explore the possibilities this prime location offers. The property is currently vacant and ready for immediate development or utilization. Given the size and zoning, this presents a significant opportunity for investors and developers alike. Don't miss this chance to acquire a substantial land holding in a rapidly developing area.

Property profile

Verified
Property type Land
UPID US63-4241366

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

465 Bch 62 St Queens, NY 11692
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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