116-14 Grosvenor LnQueens, NY 11418

For Sale
$4,300,000

Prime Queens land, R-7A zoning, 6,100 sq ft.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 6,100 square foot commercial land parcel, located at 116-14 Grosvenor Lane in Kew Gardens, Queens, presents a remarkable development opportunity. Zoned R-7A, this property offers significant potential for a multi-property development project. The site's zoning allows for a Floor Area Ratio (FAR) of 4, resulting in an approximate total buildable square footage of 24,400. This translates to a substantial building project, ideal for creating a new condominium or rental building in a highly desirable neighborhood. The property's convenient location provides easy access to public transportation, including the E/F express trains and the Long Island Rail Road (LIRR). Residents will also enjoy proximity to Forest Park, and the vibrant shopping districts along Metropolitan Avenue, Austin Street, and Queens Boulevard. This is a rare chance to capitalize on the strong demand for housing in this sought-after area of Queens, New York. The asking price for this exceptional development site is $4,300,000. This offering includes both 116-14 Grosvenor Lane and 8291 116th Street, totaling approximately 6,100 square feet. Don't miss this chance to build in a thriving community.

Highlights

  • 6,100 SF commercial land parcel at 116-14 Grosvenor Lane & 8291 116th Street, Kew Gardens, Queens.
  • R-7A zoning with 4.0 FAR, allowing approximately 24,400 buildable SF.
  • Prime location near E/F trains, LIRR, Forest Park, and major shopping areas.
  • Exceptional development opportunity for multi-family residential (condo or rental).
  • Asking price: $4,300,000.

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7067542
Longitude
-73.8360137
116-14 Grosvenor Ln, Queens, New York

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116-14 Grosvenor Ln
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