Development Site in Bayside - Near Bay Terrace Waterfront

Bayside, Bayside, New York 11360

$4,200,000   $3,900,000  

Listing ID Number

25113

Property Description

Cushman & Wakefield has been retained on an exclusive basis for the sale of a prime residential development site on 215th Street and 15th Avenue in Bay Terrace (Bayside), Queens.

The property is an assemblage of two adjacent tax lots. Currently, the lots consist of (2) two-family buildings which will be delivered vacant. There are preliminary plans for (3) three-family and (2) two-family buildings and also preliminary plans for 15 condominium units and community facility space. The lots total approximately 11,488 square feet with an opportunity to develop up to 14,360 square feet of residential space with an additional 8,616 of community facility space.

This is a rare residential development opportunity in the affluent neighborhood of Bayside, Queens with a high demand for new construction residential space. The property is surrounded by numerous co-operative and multifamily buildings with over 1,500 units. It is also conveniently located just of Bell Boulevard featuring the Bay Terrace shopping center, multiple retailers, easy access to the Cross Island Parkway & Clearview Expressway, multiple local and express buses, and the Long Island Rail Road Station at Bayside.

Overview

Building Type:Development/Conversion Sites
Location:Bayside, Queens, NY

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen R. Preuss
Senior Managing Director
(718) 512 2118
stephen.preuss@cushwake.com

Kevin Louie
Senior Associate
(718) 512 2627
kevin.louie@cushwake.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


Tax Map

Click the image for a high resolution version.

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.