69-12 Woodside Avenue — For Sale Residential Development Site Jackson Heights, Queens, NY 11377 Investment Sales
Property Description Location: Block/ Lot: Building Class: Lot Size: Lot SF: Gross SF:
Between 69th Street and 70th Street 1349/6 B2 50' x 130' (approx.) (irreg.) 6,500 SF (approx.) (irreg.) 2,220 SF (approx.)
Assessment (14/15): $38,983 Taxes (14/15): $7,481 Tax Rate: 19.191%
Zoning Information Classification: FAR: Total BSF:
R5 1.25 8,125 SF
(approx.)
Development Opportunity
69th Street
10 minute travel time to Midtown Manhattan via LIRR at Woodside station. 5 minute walk to the 7 train via the 69th Street station and 10 minute walk to the E, F, M, and R, via the 74th St—Broadway station. Located right off of Queens Boulevard and Brooklyn-Queens Expressway.
50.31
Avenue
115.7
Transportation
Woodside
130.54
The Properties are zoned as R5 with a maximum market rate residential FAR of 1.25. The sites allows approximately 8,125 buildable square feet. As of right, this property can be developed into a multifamily property. Properties are situated outside of the Geographic Exclusionary Area (GEA). 421(a) “As of Right”. Walking distance to the prime retail corridor on Roosevelt Avenue.
50
—————— ASKING PRICE: $1,600,000 —————— For Further Information, Please Contact Exclusive Sales Team Sean R. Kelly, Esq. (718) 687-4205
[email protected] James R. O’Neill (718) 687-4236
[email protected] Orah Mansher (718) 687-4216
[email protected] Sean Sears (718) 687-4227
[email protected] CPEX Real Estate | 81 Willoughby Street 8th Floor | Brooklyn, NY 11217 | Tel: (718) 935-1800 | Fax: (718) 935-1822 | All information contained herein was provided by or obtained from the owner of the property or from sources that we deem reliable. Though we have no reason to doubt the validity of the information, we do not warrant any information disclosed. IT IS STRONGLY URGED THAT THE PROSPECTIVE PURCHASER CAREFULLY VERIFY EACH ITEM OF SIZE, EXPENSES, RENT ROLLS, PERMITTED LEGAL USE, AND ALL OTHER INFORMATION PRESENTED HEREIN.