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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
Executive Summary
This rare, fully approved residential development site in Springfield Gardens offers an exceptional chance to acquire eight contiguous lots comprising approximately 32,000 square feet. Strategically located near JFK International Airport and along the Nassau County border, the property benefits from excellent connectivity to major roadways, regional commerce hubs, and transportation options.
Its R3-2 zoning supports low-density residential use, making it suitable for developers and investors seeking a turnkey opportunity in an area with consistent growth and limited new housing supply.
Additional incentives include the property's designation within a federal Qualified Opportunity Zone, offering significant tax advantages to investors. Surrounded by established neighborhoods, retail corridors, and service infrastructure, this parcel provides both near-term development potential and enduring market appeal. Offered at $2,500,000, this property delivers a compelling balance of scalability and attainable investment value in one of Queens’ most dynamic residential submarkets.
Its R3-2 zoning supports low-density residential use, making it suitable for developers and investors seeking a turnkey opportunity in an area with consistent growth and limited new housing supply.
Additional incentives include the property's designation within a federal Qualified Opportunity Zone, offering significant tax advantages to investors. Surrounded by established neighborhoods, retail corridors, and service infrastructure, this parcel provides both near-term development potential and enduring market appeal. Offered at $2,500,000, this property delivers a compelling balance of scalability and attainable investment value in one of Queens’ most dynamic residential submarkets.
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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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 13434-0105 | Improvements Assessment | $37,440 |
| Land Assessment | $17,100 | Total Assessment | $54,540 |
Property Taxes
Parcel Number
13434-0105
Land Assessment
$17,100
Improvements Assessment
$37,440
Total Assessment
$54,540
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220-12 147th Ave - Springfield Gardens
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