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$4,980,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 504295
Annual Tax Amount $17,349
Property Sub-Type Commercial
Property Description
Exceptional development opportunity in the heart of Downtown Far Rockaway, one of Queens' rapidly evolving transit-oriented corridors. Situated within the Special Downtown Far Rockaway District, this approximately 16,330 SF site offers roughly 100 feet of frontage along Cornaga Avenue, just steps from the Mott Avenue transit hub.
Primarily zoned R6 with a C2-4 commercial overlay, preliminary analysis indicates approximately 63,000–74,500 buildable SF, with the potential for approximately 75–90 residential units plus ground-floor retail, subject to independent verification.
With the A subway and LIRR nearby, significant public investment in Downtown Far Rockaway, and substantial development activity throughout the surrounding corridor, 18-45 Cornaga Avenue presents a rare opportunity to acquire a sizable development site positioned for continued growth.
* All zoning, FAR, buildable square footage, and unit counts are approximate and subject to purchaser's independent due diligence.
Primarily zoned R6 with a C2-4 commercial overlay, preliminary analysis indicates approximately 63,000–74,500 buildable SF, with the potential for approximately 75–90 residential units plus ground-floor retail, subject to independent verification.
With the A subway and LIRR nearby, significant public investment in Downtown Far Rockaway, and substantial development activity throughout the surrounding corridor, 18-45 Cornaga Avenue presents a rare opportunity to acquire a sizable development site positioned for continued growth.
* All zoning, FAR, buildable square footage, and unit counts are approximate and subject to purchaser's independent due diligence.
Location
State NY
County Queens
Area Far Rockaway
Others
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by Momentum Real Estate LLC
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