Check Availability
$950,000
Land - For Sale

2014 Cornaga Avenue

Far Rockaway, NY 11691
bedrooms
Studio
bathrooms
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
Alexandre Goulet
Landair Property Advisors LLC
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
Block lot 15704 - 6 Build 13 units or 19k sqft community facility

Property Highlights

Building Info

Overview

    General

  • Year Built: 1931
  • Building Count: 1
  • Floor Count: 1
  • Total Unit Count: 1
  • Basement Type: 0

    Dimensions

  • Lot Area Sqft: 3,997
  • Lot Size Depth Feet: 90
  • Lot Size Frontage Feet: 44
  • Building Depth: 70
  • Building Frontage: 20
  • Gross Building Area: 1,400

    Building Floor Area

  • Commercial Building Floor Area: 1,400
  • Garage Building Floor Area: 1,400

    Floor Area Ratio

  • Residential Floor Area Ratio: 2
  • Facilities Floor Area Ratio: 5

Building

  • Building Type: G1
  • Lot Type: 5
  • Land Use: 10
  • Irregular Lot Code: Y
  • Extension Code: N

Neighborhood

  • Community District: 414
  • City Council District: 31
  • Police Precinct: 101
  • Fire Company: E328
  • Health Area: 3800
  • Sanitation District Borough: 4
  • Sanitation Subsection: 2D
  • School District: 27

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6
  • Special Purpose District 1: DFR
  • Zoning Commercial Overlay 1: C2-4

Geography

  • Borough Name: QN
  • Borough Code: 4
  • Block: 15704
  • Lot: 6
  • Borough Block Lot: 4157040006

    Address

  • Full Address: 20-14 Cornaga Avenue
  • Zip Code: 11691

Valuation

    Assessments Valuation

  • Assessed Total Value: $58,500
  • Assessed Land Value: $36,000

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
9 Beds
3 Baths
-
$949,000 Mar 8, 2021
$949,000 Aug 27, 2021
$581/mo
Multifamily
8 Beds
6 Baths
-
$955,888 Mar 11, 2021
$955,888 Nov 30, 2021
$610/mo
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
Multifamily
6 Beds
4 Baths
-
$967,000 Aug 12, 2022
$967,000 Dec 23, 2022
$522/mo
In Contract
Multifamily
6 Beds
5 Baths
-
$950,000 Oct 17, 2023
-
$475/mo
Multifamily
9 Beds
5 Baths
-
$975,000 Mar 4, 2024
-
$580/mo
Multifamily
6 Beds
5 Baths
-
$999,999 Feb 8, 2024
-
$500/mo
Multifamily
6 Beds
4 Baths
-
$899,000 May 20, 2022
-
$530/mo
Multifamily
6 Beds
4 Baths
-
$899,000 Jul 27, 2023
-
$425/mo
Multifamily
6 Beds
5 Baths
-
$999,000 Dec 20, 2023
-
$556/mo

About Rockaway Peninsula


Similar Homes for Sale

Unit for sale at 22-87 Nameoke Avenue, Bayswater, NY 11691

$999,000

  • 6 Beds
  • 5 Baths
22-87 Nameoke Avenue, Bayswater, NY 11691 Listing by Gabriel Kashi
Unit for sale at 1325 Gipson Street, Far Rockaway, NY 11691

$999,999

  • 6 Beds
  • 5 Baths
1325 Gipson Street, Far Rockaway, NY 11691 Listing by Hanan Sheleg
Unit for sale at 702 Beach 19th Street, Far Rockaway, NY 11691

$975,000

  • 9 Beds
  • 5 Baths
702 Beach 19th Street, Far Rockaway, NY 11691 Listing by Krishna Lakharam

Nearby Rentals



Frequently Asked Questions

When was property at 20-14 Cornaga Avenue built and last sold?
The property at 20-14 Cornaga Avenue was built in 1931 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 20-14 Cornaga Avenue is $959,500.
What are some comparable homes to 20-14 Cornaga Avenue?
Homes that are comparable to 20-14 Cornaga Avenue include a multifamily property at 702 Beach 19th Street, 1325 Gipson Street, 22-87 Nameoke Avenue.

Quantcast