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14414 38th Ave - Flushing Development Site with Approved Plans 0.21 Acres of Residential Land Offered at $7,000,000 in Flushing, NY 11351
Investment Highlights
- 50' x 186' lot
- $1,400,000 of foundation work completed - ready for superstructure work to commence
- Approved plans for 30,600 GFA building
- Quiet block near many local/national retailers, medical centers, entertainment, etc.
Executive Summary
Cushman & Wakefield is pleased to present 144-14 38th Avenue, a fully approved residential development site located in the heart of Flushing, Queens. The lot spans approximately 9,300 square feet with approved plans allowing for 27,760 buildable square feet and 31 condo units. Additionally, ownership has already done about $1,700,000 in foundation work, dramatically bringing down your cost basis.
Situated on a 50’ x 186’ lot in an R6 zoning district, the project is shovel-ready, enabling investors to move quickly in one of New York City’s fastest-growing submarkets. Positioned just steps from bustling retail corridors, transit, and established residential communities, this site represents a rare opportunity to deliver a best-in-class condo development in a high-demand neighborhood.
Situated on a 50’ x 186’ lot in an R6 zoning district, the project is shovel-ready, enabling investors to move quickly in one of New York City’s fastest-growing submarkets. Positioned just steps from bustling retail corridors, transit, and established residential communities, this site represents a rare opportunity to deliver a best-in-class condo development in a high-demand neighborhood.
Property Facts
| Price | $7,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | No. Stories | 6 |
| Zoning | R6 - Medium density residential district | ||
| Price | $7,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.21 AC |
| No. Stories | 6 |
| Zoning | R6 - Medium density residential district |
1 Lot Available
Lot
| Price | $7,000,000 | Lot Size | 0.21 AC |
| Price Per AC | $32,716,701.41 |
| Price | $7,000,000 |
| Price Per AC | $32,716,701.41 |
| Lot Size | 0.21 AC |
50' x 186' foot lot
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 05024-0016 | Improvements Assessment | $269,100 |
| Land Assessment | $346,842 | Total Assessment | $615,942 |
Property Taxes
Parcel Number
05024-0016
Land Assessment
$346,842
Improvements Assessment
$269,100
Total Assessment
$615,942
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14414 38th Ave - Flushing Development Site with Approved Plans
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