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7215 73rd St 0.12 Acres of Commercial Land Offered at $1,550,000 in Glendale, NY 11385
Investment Highlights
- 2 lots sold together ( Legal 2 Fam & adjacent Lot)
- Convenient access to express buses to Midtown and FiDi, and proximity to the M train subway line.
- Adjacent 25 ft x 100.83 ft buildable lot zoned R4-1 offering development potential.
- Convenient access to Myrtle Avenue and Fresh Pond Road shopping, dining, and services.
Executive Summary
Rare opportunity to acquire a legal two-family brick residence and an adjoining buildable lot in the sought-after Glendale neighborhood of Queens. This combined offering consists of two contiguous tax lots sold as a package: a classic two-family home and a matching vacant lot zoned R4-1.
The existing home spans three levels with a full finished basement, functional layouts, private driveway for multiple vehicles, and a two-car garage. The adjoining lot delivers flexibility for future development—whether expanding the existing structure, constructing a new residence, or creating extensive outdoor amenities.
Situated on a quiet, tree-lined residential block, this property package offers excellent connectivity. Residents enjoy proximity to Fresh Pond Road and Myrtle Avenue retail corridors, express bus service to Midtown Manhattan and the Financial District, and neighborhood green spaces including nearby parks and bike paths. This combination of a substantial existing structure and untapped development potential makes this listing an attractive opportunity for investors, builders, and future occupants with vision.
The existing home spans three levels with a full finished basement, functional layouts, private driveway for multiple vehicles, and a two-car garage. The adjoining lot delivers flexibility for future development—whether expanding the existing structure, constructing a new residence, or creating extensive outdoor amenities.
Situated on a quiet, tree-lined residential block, this property package offers excellent connectivity. Residents enjoy proximity to Fresh Pond Road and Myrtle Avenue retail corridors, express bus service to Midtown Manhattan and the Financial District, and neighborhood green spaces including nearby parks and bike paths. This combination of a substantial existing structure and untapped development potential makes this listing an attractive opportunity for investors, builders, and future occupants with vision.
Property Facts
| Price | $1,550,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Zoning | R4-1 - Low-density residential zoning permitting one- and two-family detached and semi-detached dwellings, with modest FAR, height limits (~35 ft), and required yard/setback regulations to maintain neighborhood character. | ||
| Price | $1,550,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.12 AC |
| Zoning | R4-1 - Low-density residential zoning permitting one- and two-family detached and semi-detached dwellings, with modest FAR, height limits (~35 ft), and required yard/setback regulations to maintain neighborhood character. |
1 Lot Available
Lot 81 and 83
| Price | $1,550,000 | Lot Size | 0.12 AC |
| Price Per AC | $13,369,906.50 |
| Price | $1,550,000 |
| Price Per AC | $13,369,906.50 |
| Lot Size | 0.12 AC |
Block 3696 lot 83 - legal 2 Family & 2 Car Garage on 25x100.83 APN 03696-0083 Tax $9,313.72. annual And Block 3696 Lot 81 - Adjacent LOT 25x100.83 APN 03696-0081 Tax $1,461.24. annual Both Lots 50x100.83 ( sold together ) Double Lot (Builder Gold)
Description
Legal 2 family with two car garage on 25X 101, lat # 83, and adjacent lot# 81 - 25 x 101. Both sold together.
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $34,357 | |
| Land Assessment | $20,391 | Total Assessment | $54,748 |
Property Taxes
Parcel Numbers
Land Assessment
$20,391
Improvements Assessment
$34,357
Total Assessment
$54,748
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7215 73rd St
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