Assignments

Sunnyside Approved Plan Development Site

41-22 44th St, Sunnyside, NY 11104

41-22 44th St, Sunnyside, NY 11104

under contract

Asking
Sale Price
$
4650000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
4650000
Sale Price
$
Buildable SF
20000
Building SF
20000
LOT SF
20000
Cap RATE
%
Zoning
R7A

Highlights

  • Prime development site measuring 5000 sq. ft.
  • Lot dimensions of 50x100. Zoned R7A. 20,000 BSF As-Of-Right.
  • Currently features a 3024 sq. ft. residential building
  • Delivered vacant for immediate development
  • Approved Plans for a 29 Unit Building.
  • Approved Plans Comprised of (10) 2BRs, (18) 1BRs, (1) Studio. Also Includes 2,138 Sq. Ft. Community Facility Space in Basement.

Property DEscription

41-22 44th St, Sunnyside, NY 11104 offers a prime development opportunity on a midblock lot measuring 5,000 sq. ft. with dimensions of 50x100. The property is zoned R7A, enabling the construction of a residential building up to 20,000 sq. ft. Currently, the site features a 3,024 sq. ft. residential building, which will be delivered vacant at closing. Sunnyside's real estate market has shown consistent growth, driven by its convenient access to public transportation and a range of local amenities. This area is increasingly attractive for developers looking to capitalize on the demand for housing, making this property a valuable investment in a sought-after neighborhood. The property is located 1.5 Blocks north of Queens Boulevard, on a quiet tree lined street.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

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