11250 38th Ave - Commercial LAND FOR SALE


Corona, NY 11368- North Corona2,500 SF
$1,019,000 USD
917-662-4910
11250 38th Ave, Corona, NY for Sale
$1,019,000 USD
Commercial LAND - FOR SALE
1/12
2,500 SF

11250 38th Ave
Corona, NY 11368
North Corona


OVERVIEW

prime lot for sale, for developers in queens 112-50 38th Ave Corona NY 25x100 R6 ZONING PLUS UAP 3.90 FAR : 9750 builable/ $107 Per FT DELIVERED VACANT, 1 FAM HOME ASKING $1,019,000 The lot is located in a regular R6 District. In this district, the FAR for standard residential use is only 2.20, but if you choose to develop qualifying affordable housing under UAP (Universal Affordability Preference), the residential FAR increases to 3.90. That is a big difference. The permitted overall height of the building is also much higher if the residential building is developed as qualifying affordable housing. The maximum permitted FAR for a community facility use is 4.80. However, if the building contains residential use, the maximum permitted FAR for community facility use is limited to 1.00. Therefore, for a residential development with standard residences, the total maximum permitted FAR is 3.20. The total maximum FAR for a project with affordable housing and community facility use, however, is 4.80, as the total project FAR cannot exceed the maximum FAR permitted for either use. Since this is not a contextual residential district, you do not have to line up the building’s street wall with the neighboring buildings’ street walls. You can place the street wall directly on the street lot line. If requested, we can prepare floor plan layouts showing how a mixed-use project with residential and community facility use can be stacked, including commercial and residential vertical access, as additional architectural feasibility services.

FOR SALE DETAILS

PRICE

$1,019,000 USD

PRICE/ACRE

$17,755,084/AC

PRICE/SF

$408 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Apartment Units

LAND ACRES

0.06 AC

LAND SF

2,500 SF

OFFSITE IMPROVEMENTS

-

ZONING

R6

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John LagoudisRealty Executives TodayMore Info
917-662-4910

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John LagoudisRealty Executives TodayMore Info
917-662-4910

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.