47-11 90th Street, Elmhurst, NY 11373

Elmhurst, Elmhurst, New York 11373

$13,800,000  

Listing ID Number

25744

Property Description

Cushman and Wakefield has been retained on an exclusive basis to arrange for the sale of 47-11 90th Street in Elmhurst, Queens (‘the property’). The property is an approximately one acre plot of land (45,938 square feet) primed for residential development.

47-11 90th Street is a single interior lot with access via 90th Street and a small portion of frontage on Corona Avenue. The lot square footage is approximately 45,938 square feet and sits in an R6B / C2-3 zoning area. Within R6B / C2-3 zoning, it allows for residential or commercial development with a 2.0 floor area ratio (FAR) for a total as of right buildable of approximately 91,876 square feet. A property survey is available upon request.

The location of the lot is ideal for residential development. 47-11 90th Street is located within walking distance of the R subway train at Queens Boulevard / Grand Av-Newtown Station, as well as Broadway / Elmhurst Av. The property is surrounded by major thoroughfares including Corona Avenue, Broadway, Queens Boulevard and Roosevelt Avenue. Northwest of the property you will find NYC Health+ Hospitals |Elmhurst, and Roosevelt Avenue featuring the Roosevelt Av – Jackson Heights transit hub with access to the 7,E,F,M,R trains. South of the property provides you with an abundance of shopping centers and neighborhood retail including Queens Place, Queens Center, The Cheesecake Factory, Kohl’s, Costco, and Century 21, among other national retailers.

47-11 90th Street is a great opportunity for a developer / investor to capitalize on the growing demand for residential rental and condominium space in the Elmhurst / Rego Park neighborhoods of Queens.

Property inspections are by appointment only, please inquire within.

Overview

Building Type:Development/Conversion Sites
Location:Elmhurst, Queens
Block/Lot:1586/10
Lot Dimensions:104.42 x 190.76
approx.
Lot Sq Ft:45,938
approx.
Buildable Sq. Ft:91,876 (as of right)
approx.
Zoning:R6B / C2-3
FAR:2.0

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Vice Chairman
(718) 512 2118
stephen.preuss@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.