$2,198,000

Exceptional residential development opportunity in the heart of Bayside! Rare QUALIFYING RESIDENTIAL SITE situated on a 50' x 100' (5,000 SF) corner property in an R4 zoning district. Modified qualification under the City's current zoning provisions provides for 1.50 FAR and approximately 7,500 square feet of zoning floor area, creating substantial potential for new multifamily residential development. Located within the Outer Transit Zone, with favorable off-street parking provisions further enhancing development flexibility. The combination of 7,500 buildable SF, substantial corner frontage, and a transit-oriented location presents an outstanding opportunity for developers, investors, and builders. Final building configuration, unit count, and development plans are subject to architectural analysis and all applicable NYC approvals. Ideally situated within walking distance of the Bayside LIRR station and convenient to Bell Boulevard, Northern Boulevard, shopping, restaurants, schools, parks and transportation. Surrounded by established residential development, including recently constructed multifamily properties nearby. One of the few remaining 50' x 100' corner qualifying residential development sites in this highly desirable Bayside location- the “City of Yes” at its best!