This 3,334 sq foot lot has a total of 158′ of street frontage on 3 sides and has 11,464 sq feet in development rights. There is currently a single house on the property which is zoned R7-1; allowing building up to 68′ feet up. Depending on 1st floor usage, slightly more sq footage could be available.
This unique opportunity is also close enough to a subway station to allow for exemption from parking space requirements and is a few blocks away from restaurants, public transportation and shopping; including Rego Park Center.
The end and double-corner location (from Wetherole to Austin St along 64th Road) allows for a build with light on all 4 sides and exceptional access. Perhaps the only lot left in Rego Park with this type of frontage.
View the Site Prospectus below for one possible development plan; which is a 5 story rental building with nearly 12,000 sq feet of rental income-generating space. Asking $2,700,000. Please contact me directly with your bid.
