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14414 38th Ave - Flushing Development Site with Approved Plans 0.21 Acres of Residential Land Offered at $7,650,000 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 has been exclusively retained by Ownership to offer
for sale a residential development site with pre-approved plans at 144-14
38th Avenue located in the heart of Flushing, Queens, a few blocks from
Northern Boulevard and the New World Mall (the “Property”, “Site” or “Offering”).
The Property is located near the corner of Parsons Boulevard and 38th Avenue, 5 blocks away from the
7 train’s last stop, Main Street Station. The R6 zoned lot is 9,300 square
feet. The development is approved for 30,600 total square feet, yielding
20,300 square feet dedicated to residential use and 7,300 square feet for
community facility space in the cellar and first floor. The foundation has
been completed, and the development is ready for sewer installation and
super structure, offering developers a quick and easy route to completion.
for sale a residential development site with pre-approved plans at 144-14
38th Avenue located in the heart of Flushing, Queens, a few blocks from
Northern Boulevard and the New World Mall (the “Property”, “Site” or “Offering”).
The Property is located near the corner of Parsons Boulevard and 38th Avenue, 5 blocks away from the
7 train’s last stop, Main Street Station. The R6 zoned lot is 9,300 square
feet. The development is approved for 30,600 total square feet, yielding
20,300 square feet dedicated to residential use and 7,300 square feet for
community facility space in the cellar and first floor. The foundation has
been completed, and the development is ready for sewer installation and
super structure, offering developers a quick and easy route to completion.
PROPERTY FACTS
| Price | $7,650,000 | 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 | $7,650,000 |
| 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 | $7,650,000 | Lot Size | 0.21 AC |
| Price Per AC | $35,747,663.55 |
| Price | $7,650,000 |
| Price Per AC | $35,747,663.55 |
| 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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