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Listing Courtesy of Brick & Mortar LLC
$ 3,250,000
Est. payment | /mo
2 Beds
4 Baths
6,854 SqFt
$ 3,250,000
Est. payment | /mo
2 Beds
4 Baths
6,854 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,854 sqft
Price per Sqft $474
Subdivision Maspeth
MLS Listing ID RLS20015743
Style Prewar
Bedrooms 2
Full Baths 4
HOA Y/N Yes
Year Built 1901
Property Sub-Type Multi Family
Property Description
12,000 sf buildable Development opportunity in Maspeth, Queens on high traffic Grand Avenue. This combination sale is for the 2 story building located at 72-17 Grand Avenue and the adjacent corner lot at 72-19 Grand Avenue. The property at 72-19 Grand Avenue has 2 independent storefronts, 2 apartments above, and a fully finished basement. The oversized L shaped corner lot at 3,154 sq ft has a poured concrete foundation in place that is built to the corner of the block. There is a variance in place that a new building will not require a setback as the foundation is in place.
72-19 Grand Avenue sits on a 3,154' lot with an FAR of 2 in an R6 zone and can be built as of right 6,308'
72-17 Grand Avenue sits on a 2800' lot with an FAR of 2 also R6 which can be built to 5,600' as of right
Combined actual is 11,908'
First photos show renderings of they type of building that can be built. A good investment move would be to have commercial storefronts at street level with condos, or rental units above. Because of where the property is located on a ridge in Maspeth, the upper floors on the new build will have a panoramic view of the Manhattan skyline.
Shown by appointment.
72-19 Grand Avenue sits on a 3,154' lot with an FAR of 2 in an R6 zone and can be built as of right 6,308'
72-17 Grand Avenue sits on a 2800' lot with an FAR of 2 also R6 which can be built to 5,600' as of right
Combined actual is 11,908'
First photos show renderings of they type of building that can be built. A good investment move would be to have commercial storefronts at street level with condos, or rental units above. Because of where the property is located on a ridge in Maspeth, the upper floors on the new build will have a panoramic view of the Manhattan skyline.
Shown by appointment.
Location
State NY
County Queens
Interior
Heating Central
Cooling Multi Units
Fireplace No
Laundry Building None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Mixed Use
New Construction No
Others
Ownership None
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY