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97-44-97-48 64th Ave 0.11 Acres of Residential Land Offered at $5,500,000 in Rego Park, NY 11374
Investment Highlights
- Steps from 63rd Drive & Rego Park Subway Station
- DOB Approved Plan Ready to Go
- Strong residential & rental market fundamental
Executive Summary
Located in the heart of Rego Park, this shovel-ready development opportunity offers investors and developers the ability to bypass lengthy approval timelines and immediately execute a residential development project.
Property Facts
| Price | $5,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements | ||
| Price | $5,500,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.11 AC |
| Zoning | R7-1 - Medium-density apartment house district with lower parking requirements |
1 Lot Available
Lot 26
| Price | $5,500,000 | Lot Size | 0.11 AC |
| Price Per AC | $48,893,669.60 |
| Price | $5,500,000 |
| Price Per AC | $48,893,669.60 |
| Lot Size | 0.11 AC |
Empty land shovel-ready development opportunity. Approved 23,520 SF ZFA.
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02091-0026 | Improvements Assessment | $0 |
| Land Assessment | $60,527 | Total Assessment | $54,300 |
Property Taxes
Parcel Number
02091-0026
Land Assessment
$60,527
Improvements Assessment
$0
Total Assessment
$54,300
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Star Real Estate
97-44-97-48 64th Ave
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