Inclusionary Housing Site in Woodside

44-07 69th St, Woodside, NY 11377

Asking

3500000

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Property Details

Property Type

Residential Development Site

Price Summary

3500000

Buildable SF

14720

Building SF

14720

LOT SF

14720

Cap RATE

Zoning

R7X/R5, C2-3

Highlights

35’ x 113’ Lot Zoned R7X, C2-3. 19,756 BSF As-Of-Right.
Generating $115,716 Annually. Can be Delivered Vacant.
Located .4 Miles From Subway, and Adjacent to Queens Boulevard.
Strong Rental and Condo Demand in Woodside.
30 Minutes from Manhattan.
Can Build 21 Units + Ground Floor Retail Across 8 Stories

Property DEscription

This prime development site at 44-07 69th St, Woodside, NY 11377 offers a 4,112 sq. ft. lot, measuring 35 ft x 113 ft IRR, zoned R7X/R5, C2-3. It permits the construction of a 15,420 sq. ft. (20,560 sq. ft. with inclusionary housing) residential or mixed-use building. Currently, a 3,500 sq. ft. residential/commercial building occupies the site, providing immediate income potential. The property is strategically located next to the bustling commercial thoroughfare of Queens Blvd and is just 0.4 miles from the 69th Street (7 train) subway stop. Woodside's real estate market is stable, with a strong demand for residential properties, making this an attractive investment opportunity.