Description
Two family residence in need of updating, offering a strong value-add opportunity for qualified builders and developers to reposition or redevelop a property to its highest and best use. Situated on a 48' x 100' lot, the property includes a detached two car garage, an increasingly rare and valuable feature in the area. The home is underbuilt relative to current allowable residential FAR under R4A zoning, presenting meaningful potential for expansion or redevelopment. There may be opportunities to explore reconfiguration, enlargement, or the addition of an internal or external Accessory Dwelling Unit (ADU) subject to buyer due diligence and all required approvals. Located on a quiet residential block, the property is close to local shopping, schools, parks, and transportation, supporting long term resale or rental demand once improved. The home is currently tenant occupied but expected to be delivered vacant, allowing buyers to proceed with renovation or construction plans following closing, subject to confirmation. An excellent opportunity for builders or developers seeking a true value add project in an established neighborhood, with the ability to redesign layouts, modernize systems, and potentially enhance upon completion, subject to renovation scope and approvals. All information is deemed reliable but not guaranteed. Prospective purchasers must perform their own due diligence and independently verify all information. Bring your architect, contractor, and visionprojects with this lot size, zoning profile, and upside are increasingly difficult to find.
Details
| MLS # | 500600 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1920 |
| Days On Site | 152 |
| Listing Provided By | Robert Defalco Realty | Michael Gentilesco |
Features
| Bed(s) | 4 |
|---|---|
| SQ Feet | 2,178 |
| Basement | Y |
| Story(s) | 2 |
| Units | 2 |
| Zoning | R4A |
Interior
| Heating Fuel | Oil |
|---|
Exterior
| Exterior | Aluminum Siding |
|---|---|
| Roof | Pitched, Shingle |
| Construction Materials | Wood Frame |
| Foundation Details | Poured Concrete |
Parking
| Parking Attributes | Detached Garage |
|---|---|
| Parking Feature Single | Private Drive |
Utilities
| Electric | 220 V |
|---|
Taxes
| Tax Amount | 6444.00 |
|---|
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Queens |
| Zip Code | 11356 |
| Area | Queens |
| Subarea | College Point |
| Listing VS Median (in 11356) | |
Price: $1,250,000 low | high Med: $1,299,000 sqft: 2,178 low | high Med: 3,200 $ / sqft: $574 low | high Med: $406 On site: 152 low | high Med: 30 | |
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Queens |
| Zip Code | 11356 |
| Area | Queens |
| Subarea | College Point |
| Listing VS Median (in 11356) | |
Price: $1,250,000 low | high Med: $1,299,000 sqft: 2,178 low | high Med: 3,200 $ / sqft: $574 low | high Med: $406 On site: 152 low | high Med: 30 | |
