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220-12 147th Ave - Springfield Gardens 0.73 Acres of Commercial Land Offered at $2,500,000 in Springfield Gardens, NY 11413
INVESTMENT HIGHLIGHTS
- Fully approved ±32,000 SF residential development site
- Located in a Qualified Opportunity Zone with tax benefits
- Positioned near JFK Airport and Nassau border
- Plans for ten two-family homes with walk-out basements
- Designed to meet FNMA/FHA lending thresholds
PROPERTY FACTS Under Contract
| Price | $2,500,000 | Proposed Use | Commercial |
| Sale Type | Investment | Total Lot Size | 0.73 AC |
| No. Lots | 1 | Cross Streets | Springfield Blvd |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | R3-2 - Low-Density General Residence District | ||
| Price | $2,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.73 AC |
| Cross Streets | Springfield Blvd |
| Opportunity Zone |
Yes |
| Zoning | R3-2 - Low-Density General Residence District |
1 LOT AVAILABLE
Lot 105
| Price | $2,500,000 | Lot Size | 0.73 AC |
| Price Per AC | $3,403,124.61 |
| Price | $2,500,000 |
| Price Per AC | $3,403,124.61 |
| Lot Size | 0.73 AC |
contains 8 lots - 105,106,107,109,115,116,118,120
DESCRIPTION
This ±32,000 square foot residential development site in Springfield Gardens, Queens, presents an opportunity to build a private enclave of ten two-family homes in a transit-connected, middle-class neighborhood bordering Nassau County. Fully approved with building permits and located in an R3-2 zoning district, the site is designed to meet the growing demand for affordable housing among JFK Airport employees and surrounding workforce populations.
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PROPERTY TAXES
| Parcel Number | 13434-0105 | Improvements Assessment | $35,820 |
| Land Assessment | $17,100 | Total Assessment | $52,920 |
PROPERTY TAXES
Parcel Number
13434-0105
Land Assessment
$17,100
Improvements Assessment
$35,820
Total Assessment
$52,920
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220-12 147th Ave - Springfield Gardens
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