34-29 37 STREET

For Sale - Queens - Steinway

$4,500,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Land
Neighborhood
Steinway
Property Dimensions
50.0 x 100.0
Property Area
5,000 sq.ft.
Total Units:
2
Stories:
1
NOI
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Price
$4,500,000
Price Per Unit
$2,250,000
Cap Rate
-%

Listing Description

+ Recently re-zoned (R6A) 50’ x 100’ residential development site with Mandatory Inclusionary Housing
+ Current Tenant is paying $72,000 plus utilities with their lease expiring 12/31/2020
+ Conveniently located two blocks from the 34th Avenue / Steinway Street Subway Station
+ Located in a Qualified Opportunity Zone (Census Tract 36081005700)

Property Details

Block/Lot:
645/15
Lot Dimensions
50.0 x 100.83
Lot Area
5,000 sq.ft
Zoning:
M1-1
FAR as Built:
1.0
Max FAR:
2.4
Stephen PreussCushman & Wakefield
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