14,400 BSF Corner Lot in Downtown Far Rockaway

20-14 Cornaga Avenue is a prime development site spanning 4,000 Sq. Ft. and boasting a corner lot with dimensions of 44.31' x 90.40’. The property is zoned R6, C2-4, DFR (MIH) with a generous Floor Area Ratio (FAR) of 3.6, translating to a total residential development potential of 14,400 Sq. Ft. 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. All air rights are intact. Property delivered vacant at closing