Assignments

Block-Through Development Site

78-14 46th Avenue, Elmhurst, NY 11373

78-14 46th Avenue, Elmhurst, NY 11373

under contract

Asking
Sale Price
$
5350000
5350000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
5350000
Sale Price
$
5350000
Buildable SF
22864
Building SF
22864
LOT SF
22864
Cap RATE
%
Zoning
R6B

Highlights

• 11,432 SF Lot Zoned R6B – ~22,864 ZFA As-of-Right.
• Located .3 Miles from the Elmhurst Avenue Subway Stop.
• Standalone Building, easing demolition costs.
• Low Taxes – $29,580 per year, reducing carrying costs during and after construction (packaged with the 485x Tax Abatement).
• Two Blocks from Queens Blvd.

Property DEscription

Landair Advisors, LLC has been retained as exclusive agent for the sale of 78-14 46th Avenue, a rare through-block development site situated just two blocks from the Queens Boulevard corridor in Elmhurst. The 12,140 SF lot is zoned R6B, unlocking up to 24,280 BSF of residential construction as-of-right, or 29,136 BSF with UAP.

Wide and unobstructed with double-street frontage, the site offers a developer flexible massing options rarely available on a standard midblock parcel. Its Elmhurst location provides excellent transit access (roughly .3 Miles from the Elmhurst Avenue subway stop) and sits within proximity to the retail, dining, and commercial density in one of Queens' most active development corridors.

Combining a wide, unobstructed through-block lot, strong transit access, and unmatched proximity to Queens Boulevard, 78-14 46th Avenue is an exceptionally well-positioned opportunity for a strong buyer.

Map

Alexandre Goulet
Partner
(212) 920-7658
ag@landairnyc.com

Documents

Offering Memorandum
Data Room

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