$1,125,000
$1,250,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
3,689 SqFt
SOLD DATE : 05/08/2025
Key Details
Sold Price $1,125,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
Square Footage 3,689 sqft
Price per Sqft $304
MLS Listing ID 486760
Sold Date 05/08/25
Year Built 2003
Annual Tax Amount $8,300
Property Sub-Type Land
Property Description
Welcome to Arverne in Far Rockaway, Queens, where this exceptional property spans lots 24 and 73, featuring a 200-foot frontage and 59-foot depth along Beach 67th and Beach 68th Streets. We are seeking an investor or developer with innovative ideas for this prime location. Potential uses for the property (subject to architectural review) include residential development with approximately 15,000 buildable square feet or community facility usage with up to 24,000 buildable square feet.
With the ongoing development of Arverne by the Sea just around the corner, including new rentals, commercial stores, and restaurants, the area is in high demand for affordable housing or community facilities such as medical centers or schools. The property is currently zoned R5/R5A, but with the NYC YES program and its proximity to public transportation, there's potential for an increased FAR (Floor Area Ratio)
Feel free to drive by and contact your agent for more details.
Location
State NY
County Queens
Area Arverne
Zoning R5A
Building
Story 1
Others
Financing 1031 Exchange,Cash,Owner
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Bought with BHHS Fillmore R.E.