$1,299,000
Active
1 days on market
88-37 54th Ave
📍 Elmhurst, Elmhurst, NY 11373
Other
Type
About this property
Development opportunity in Elmhurst. This development site offers an approximately 25ft * 90ft lot totaling 2,252 SF and is located within an R6B zoning district. A full set of architectural plans is available, illustrating a possible four-story, eight-unit residential development. This presents an attractive opportunity for a boutique developer or investor seeking a multifamily or build-to-rent project. The buyer may also redesign the plans to suit their own development needs. Competitively priced, this cleared development site presents an attractive value opportunity for the next developer or investor. Conveniently located near the Grand Ave–Newtown subway station, Queens Boulevard,
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Amenities & features
Key facts
Architectural plans
R6b zoning district
2,252 sq ft lot
Property details
Property typeOther
Listing statusActive
Lot size2,252 sqft
Days on market1 days
MLS #1025501
Estimated monthly payment
Listing price$1,299,000
Down payment (20%)$259,800
Loan amount$1,039,200
Principal & interest (7%, 30yr)$6,913/mo
Property tax (est.)$1,263/mo
Home insurance (est.)$541/mo
Estimated total$8,717/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.