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- LoopNet Team
151-45 6th Rd
Flushing, NY 11357
18+ Acre Waterfront Resi Development Site · Land For Sale
·
18.35 AC
INVESTMENT HIGHLIGHTS
- Shovel Ready Site
- Waterfront Location
- Approved for 52 Homes
PROPERTY FACTS
DESCRIPTION
Cushman & Wakefield Realty has been exclusively retained to arrange for the sale of an 18-acre waterfront development site shovel-ready and approved for 52 single-family luxury homes. The subject assemblage contains an aggregate 18.35 acres which is comprised of 12.78 upland acres and 5.68 underwater acres. The total upland area is approximately 556,805.48 square feet. Per the approved plans, the average lot size ranges from 5,000 – 6,000 square foot. Home sizes are envisioned in the average range of 2,500 - 5,000+ square feet. Also included in the plans is the right to 26 boat spaces. The gross building area per the plans is approximately 206,485 square feet. Whitestone is one of the most highly desirable locations for single-family homes throughout Queens and the outer boroughs. The inventory for new construction waterfront homes has been decreasing over the past few years leaving this neighborhood in high demand. The site is a Brownfield and has gone through extensive remediation and cleanup. It is eligible for tax credits valued at $8-12% of total construction costs.
