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Investment Highlights

  • Full architectural plans available
  • Competitively priced with attractive development potential
  • Prime Elmhurst development opportunity

Property Facts

Price $1,299,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 0.05 AC
Zoning R6B - Medium-Density Contextual Residential District

1 Lot Available

Lot

Price $1,299,000
Price Per AC $25,126,211.34
Lot Size 0.05 AC

Description

Renovation or redevelopment opportunity in the heart of Elmhurst. Situated on an approximately 25' × 90' lot totaling approximately 2,252 SF within an R6B zoning district, the property includes an existing structure that has been fully gutted, offering buyers the flexibility to explore renovation, reconfiguration, alteration, or redevelopment, subject to all required approvals. A full set of proposed architectural plans is available depicting one possible four-story, eight-unit residential concept. Buyers may also evaluate alternative residential configurations, including potential one-, two-, or three-family use, depending on zoning, building code requirements, existing conditions, and agency approvals. Renovating the existing structure may provide a more streamlined and potentially cost-effective alternative to complete demolition and ground-up redevelopment. Whether pursued as a value-add renovation, a customized owner-occupied residence, or a larger redevelopment project, the property offers multiple paths to create value. Located near the Grand Avenue–Newtown subway station, Queens Boulevard, shopping, dining, parks, and major roadways, the property offers convenient access throughout Queens and to Manhattan. Property is being sold as-is. Buyer is responsible for independently verifying zoning, architectural plans, buildable square footage, utilities, permitted use, and all renovation or redevelopment potential.

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
01839-0038
Land Assessment
$9,596
Improvements Assessment
$23,939
Total Assessment
$33,535
  • Listing ID: 41287904

  • Date on Market: 7/14/2026

  • Last Updated:

  • Address: 8837 54th Ave, Elmhurst, NY 11373

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