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- LoopNet Team
55 Exeter St
Flushing, NY 11375
Land For Sale
·
0.32 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.32 AC |
| Property Subtype | Residential | ||
| Zoning | R3-1 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.32 AC |
| Zoning | R3-1 |
DESCRIPTION
The lot is in the heart of Forest Hills Gardens. This property boasts a R3-1 zoning, legally making this a two family property. The huge 14,000 square foot lot size can be subdivided to make this into two separate lots with additional development potential. (build another 1 – 2 family house in the backyard). The subdivision process is already half way done so the new owner has option to either keep the whole lot (Just withdraw the process) as one or subdivide into 2 lots. If subdividing, the new vacant lot would be worth at least $1,300,000! (Drawing and survey can be provided.) Currently, there is a 4,060 sqft house. You can either keep it and build another 2 family home in the back or demolish the existing house and build 3 X 2 family houses.
