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Map
$950,000
●
Land -
For Sale
2014 Cornaga Avenue
Far Rockaway, NY 11691
Studio
0 Bath
$4,665
Estimated Monthly
$0
HOA / Fees
About This Property
Located at 20-14 Cornaga Avenue, Far Rockaway, NY 11691, this prime
development site spans 4,000 Sq. Ft. and boasts a corner lot with
dimensions of 44.31' x 90.40'. Its advantageous positioning offers
abundant natural light and fresh air, providing the discerning real
estate developer with a plethora of exciting redevelopment
possibilities. The property is zoned R6, C2-4, with a
generous Floor Area Ratio (FAR) of 2.42, translating to a
remarkable total residential development potential of 9,680 Sq. Ft.
This opens up avenues for creating an impressive residential
project, blending modern living with excellent commercial
opportunities. With an estimated residential rental
rate of $50 per square foot in the new building, the
potential for lucrative returns on investment becomes even
more enticing. The development site benefits from exceptional
accessibility, being strategically situated just 2 blocks
away from the Far Rockaway - Mott Avenue A Train Subway Stop. This
excellent public transit connectivity enhances the project's appeal
and convenience for future residents. Far Rockaway is
experiencing a significant surge in development, fueled by
substantial investments in public infrastructure by the city.
The area has undergone transformative changes, making it an
ideal environment for new ventures. Approximately 3,000 residential
units have already been built or are in progress, showcasing the
area's tremendous potential and attractiveness to investors and
homebuyers alike. All air rights are intact. Property
delivered vacant at closing.
Unit Size
-
Days on Market
63 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1931
Listed By
Last updated: 3 months ago (NYSMLS #11251870)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 26, 2024 | Listed by Landair Property Advisors, LLC | $950,000 | |
Listed by Landair Property Advisors, LLC | |||
Dec 29, 2023 | No longer available | - | |
No longer available | |||
Jul 31, 2023 | Listed by Landair Property Advisors, LLC | $1,200,000 | |
Listed by Landair Property Advisors, LLC | |||
|
|||
Located at 20-14 Cornaga Avenue, Far Rockaway, NY 11691, this prime
development site spans 4,000 Sq. Ft. and boasts a corner lot with
dimensions of 44.31' x 90.40'. Its advantageous positioning offers
abundant natural light and fresh air, providing the discerning real
estate developer with a plethora of exciting redevelopment
possibilities. The property is zoned R6, C2-4, with a generous
Floor Area Ratio (FAR) of 2.42, translating to a remarkable total
residential development potential of…
|
|||
Jan 19, 2023 | No longer available | - | |
No longer available | |||
Oct 2, 2022 | Listed by NEMAN YOSKA | $540,000 | |
Listed by NEMAN YOSKA | |||
|
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Block lot 15704 - 6 Build 13 units or 19k sqft community facility
|
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
9
Beds
3
Baths
-
$949,000
Mar 8, 2021
$949,000
Aug 27, 2021
$581/mo
Sold
Multifamily
8
Beds
6
Baths
-
$955,888
Mar 11, 2021
$955,888
Nov 30, 2021
$610/mo
Sold
House
3
Beds
4
Baths
-
$940,000
Jul 26, 2020
$940,000
Mar 21, 2021
$383/mo
Multifamily
9
Beds
6
Baths
-
$757,500
Oct 23, 2019
$757,500
Jun 9, 2020
$536/mo
Multifamily
9
Beds
6
Baths
-
$999,999
May 22, 2022
$999,999
Jul 31, 2022
$583/mo
Sold
Multifamily
6
Beds
4
Baths
-
$967,000
Aug 12, 2022
$967,000
Dec 23, 2022
$522/mo