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2594 50th St 0.21 Acres of Residential Land Offered at $1,880,000 in Woodside, NY 11377

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INVESTMENT HIGHLIGHTS

Located in Woodside, Queens with strong transit access.
Potential for multifamily use.
Surrounded by dense residential and retail activity.

Zoned R5, allowing for residential redevelopment.
Close to Roosevelt Ave, Queens Blvd, and 7 train.

EXECUTIVE SUMMARY

2594 50th Street presents a compelling opportunity for investors and developers to unlock value in a rapidly evolving Queens submarket. With R5 zoning and a sizable lot footprint, the property is well-suited for redevelopment into multifamily housing or a mixed-use concept that aligns with the neighborhood’s growth trajectory. Its proximity to major transit lines and local amenities enhances its appeal for future residents and tenants. This is a strategic acquisition for those seeking to build or reposition in a high-demand, low-supply corridor.

PROPERTY FACTS Under Contract

Price	$1,880,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Proposed Use	Apartment Units Apartment Units - Condo Planned Unit Development Single Family Residence
No. Lots	1	Total Lot Size	0.21 AC
Zoning	R5 - Residential

Price	$1,880,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Apartment Units Apartment Units - Condo Planned Unit Development Single Family Residence
Total Lot Size	0.21 AC
Zoning	R5 - Residential

1 LOT AVAILABLE

Lot

Price	$1,880,000	Lot Size	0.21 AC
Price Per AC	$8,952,380.95

Price	$1,880,000
Price Per AC	$8,952,380.95
Lot Size	0.21 AC

Corner lot in Woodside, Queens with .21 acres of land, zoned R5. Ideal for residential redevelopment with strong transit access and dense surrounding population.

DESCRIPTION

Located in the heart of Woodside, Queens, 2594 50th Street offers a rare opportunity for redevelopment in one of New York City’s most transit-connected and culturally vibrant neighborhoods. The property consists of a 1,449-square-foot structure situated on a .21 acre, zoned R5, which allows for medium-density residential development. This zoning designation opens the door for multifamily or mixed-use possibilities, subject to NYC Department of Buildings and zoning regulations. The site is ideally positioned near Roosevelt Avenue and Queens Boulevard, with easy access to the 7 train, Long Island Rail Road, and major bus routes. The surrounding area is a mix of residential buildings, local businesses, and community amenities, making it a prime location for developers seeking to capitalize on strong demand for housing and neighborhood services. Whether repositioned as a multifamily asset or creatively redeveloped, this property offers long-term upside in a market with limited inventory and high absorption rates.

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