Newly Offered – Two-Family Opportunity R3X Zoning 60 X 100 Lot Positioned on a rectangular 60 X100 property within an R3X zoning district, this newly offered two-family presents a strong opportunity to develop a custom luxury two-family residence. With approximately 4,500 buildable square feet permitted… Read More under 0.75 FAR, the site supports substantial new construction aligned with today’s expectations for space, layout, and functionality. Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000-sq-ft lots that were demolished for new two-family construction, the average sale price was $1,243,320. Each allowed approximately 3,000 buildable square feet—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the comparable value approaches $1,864,980, subject to design, construction, and market conditions. The existing home is configured as a true two-family. The main level offers seven rooms with three bedrooms. The second floor includes six rooms, three bedrooms, and one bath. A full, open basement features high ceilings, a half bath, and a separate rear entrance, providing additional flexibility. The property also includes a detached one-and-a-half-car garage. The home is currently occupied by long-time tenants without leases. Initial appointments will be limited to viewing the basement and exterior grounds. Set in a quiet, suburban-like location, yet conveniently accessible to transportation, shopping, and schools. A compelling opportunity for end users, builders, or investors seeking to develop a new luxury two-family in a desirable setting. Read Less
Listing Courtesy of Tapestry Real Estate of Queens, 718-460-1943.
Listing Snapshot
Days Online
26
Last Updated
Property Type
Duplex
Beds
6
Full Baths
3
Square Ft.
2,270
Lot Size
0.14 Acres
Year Built
1955
Property Tax
$11,143
MLS Number
978410
30 Days Snapshot Of 11358
$922k
-13%
(avg) sold price
5
+66%
homes sold
151
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Full"
Building
Architecture: "Colonial", Building Area: 2270, Construction Materials: "Frame", Year Built: 1955
Cooling
Details: "None"
Floors
Flooring: "Hardwood"
Garage
Garage Spaces: 1
Heating
Heating: "Hot Water", "Oil"
Lot
Acres: 0.1398, Dimensions: 60X101.5
Parking
Parking Total: 5
Utilities
Sewer: "Public Sewer", Water Source: "Public", Utilities: "Electricity Connected"
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