5 Beds
3 Baths
6,089 Sqft Lot
5 Beds
3 Baths
6,089 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 978410
Style Colonial
Bedrooms 5
Full Baths 3
Rental Info No
Year Built 1955
Annual Tax Amount $11,143
Lot Size 6,089 Sqft
Acres 0.1398
Lot Dimensions 60X101.5
Property Sub-Type Duplex
Source onekey2
Property Description
Positioned on a rectangular 60 × 100 property in an R3X zoning district, this two-family offering presents a compelling opportunity to develop a custom luxury residence or to maximize its potential through expansion. With approximately 4,500 buildable square feet permitted under a 0.75 FAR, the site supports substantial new construction aligned with today's expectations for scale, layout, and long-term value.
Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000 sq ft lots that were redeveloped into new two-family homes, the average sale price was approximately $1,243,320—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the projected value approaches $1,864,980, subject to design, construction, and market conditions.
The existing structure is configured as a two-family. It includes a full, high-ceiling basement with both side and rear access, offering flexibility for future use, layout reconfiguration, or end-user customization.
The first-floor unit is expected to be delivered vacant by mid-May. The second-floor unit is currently occupied.
This offering is ideally suited for builders, investors, or end users seeking to capitalize on a well-located property with significant expansion potential.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Interior Features First Floor Bedroom
Heating Hot Water, Oil
Cooling None
Flooring Hardwood
Fireplace No
Exterior
Parking Features Driveway, Garage
Garage Spaces 1.0
Utilities Available Electricity Connected
Total Parking Spaces 5
Garage true
Private Pool No
Building
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Ps 107 Thomas A Dooley
Middle Schools Is 25 Adrien Block
High Schools Queens 25
School District Queens 25
Others
Senior Community No
Special Listing Condition None
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