4520 211th Street, Bayside, NY 11361

$2,380,000

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List Price
$2,380,000
Days on Market
5
MLS#
1030463
Status
ACTIVE
Lot Size
5000

Property Description

Exceptional development opportunity in the heart of Bayside! Rare 50' x 100' (5,000 SF) corner property located in an R4 zoning district with significant upside under the City's Predominantly Built-Up provisions. Situated within the Bayside Inner Transit Zone, approximately an 8-10 minute walk to the LIRR station, this property benefits from the elimination of residential parking requirements, substantially enhancing its development potential. Preliminary feasibility analysis indicates the potential for approximately 6,750 square feet of zoning floor area, allowing for an attractive three-story multifamily residential development with an estimated 7 to 9 residential units (subject to architect's verification and governmental approvals). The property enjoys outstanding visibility, excellent access, and is immediately adjacent to a recently completed multifamily development, demonstrating strong neighborhood support for new residential construction. Conveniently located near Northern Boulevard, shopping, restaurants, schools, parks, and public transportation. A truly outstanding opportunity for developers, investors, and builders seeking one of Bayside's most compelling redevelopment sites. One of the few remaining corner development sites within walking distance of the Bayside LIRR Station.

Additional Information

Year Built
1920
Style
Colonial
School District
Queens 26
Elementary School
Ps 31 Bayside
Middle School
Ms 158 Marie Curie
High School
Bayside High School
Taxes Total
9623
Heating
Oil
Parking
Detached, Driveway, Garage
Parking Spaces
2
Basement
Full
Water
Public
Sewer
Public Sewer
Taxes
$9,623

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: James S. Powers (jpowersrealestate@gmail.com) from Listing Office: Tapestry Real Estate of Queens.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.