Assignments

Land for Single Family Development in Addisleigh Park

114-16 176th Street, Jamaica, NY 11434

Asking
$
699000

Property Details

Property Type
Residential Development Site
Price Summary
$
699000
Buildable SF
0
Building SF
0
LOT SF
0
Cap RATE
%
Zoning

Highlights

  • Two vacant lots, each measuring 40' x 100', located in the Addisleigh Park historic district.
  • Conveniently situated 0.4 miles from the St. Albans train stop, enhancing accessibility.
  • Low annual tax bill of $2,798, offering cost-efficiency for potential developers.
  • Lots are ready for construction, eliminating the need for demolition and saving time and resources.

Property DEscription

Located within the Addisleigh Park historic district, 114-20 176th Street presents a practical opportunity for developers. The property consists of two vacant lots, each measuring 40' x 100', offering ample space for construction projects. Benefiting from its strategic location, the property is conveniently positioned 0.4 miles from the St. Albans train stop, enhancing accessibility. One of its notable advantages is the low annual tax bill of $2,798, providing cost-efficiency for potential developers. Additionally, the lots are ready for construction, eliminating the need for demolition. Furthermore, the property's subdivision into two individual lots streamlines the development process, adding to its appeal. This offering represents a practical and efficient investment opportunity for developers looking to capitalize on the property's advantageous features.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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