RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 89-40 METROPOLITAN AVENUE — Rego Park, NY (the ‘Property’).
89-40 Metropolitan Avenue presents an exceptional development opportunity on an ~18,207 SF corner lot located in a rapidly evolving area of Rego Park. Under the City of Yes zoning initiative, the Property is designated as a qualifying residential site and now benefits from enhanced as-of-right development potential through newly
implemented Town Center zoning. Currently zoned R4 with a C2-2 commercial overlay, the site allows for approximately 36,414 ZFA, enabling flexible mixed-use or residential
development in a dense and growing submarket.
The Property sits at the southeast corner of Metropolitan Avenue and Aubrey Avenue, offering strong visibility, multiple access points, and convenient transit options via the Q11, Q21, Q52, Q53, and Q54 bus lines. Major highways also provide quick connections across Queens and to Manhattan.
Importantly, the Property is adjacent to one of the area’s most active retail corridors, with Trader Joe’s, Michaels, Dick’s Sporting Goods, Home Depot, and a wide variety of neighborhood amenities just steps away.
Please contact the exclusive agents for additional information.