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11614 Myrtle Ave
Richmond Hill, NY 11418

Richmond Hills Development Lot · Office Property For Sale

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INVESTMENT HIGHLIGHTS

Heavy daytime foot traffic.

High vehicle count.

EXECUTIVE SUMMARY

R6B/C2-4 50 x 100 Development Lot. Max buildable FAR is 2.0 which equals 10,000 SF (Excellent for a 15 unit residential building or a mix-use building. Under the City of Yes, an additional 20% is buildable. Total 12,000 SF (Possible for a 18 unit residential building)
Located 3 short blocks from the J and Z trains and a steps from Forest Park. 485x Tax Abatement is eligible for this development site.
Currently, it is a mix-use professional office with a Radiology Office Set up plus an apartment above. Will be delivered vacant.

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

13,761 SF

Building Class

Year Built/Renovated

1931/1992

Price

£1,349,021

Price Per SF

£98.03

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

1,275 SF

Building FAR

2.60

Lot Size

0.12 AC

Zoning

R6B w/C2-4 overlay - The FAR of 2.0 gives additional 4900 sf of Air rights.

Parking

2 Spaces (0.15 Spaces per 1,000 SF Leased)

AMENITIES

Bus Route

Public Transport

PROPERTY TAXES

Parcel Number	09254-0004	Improvements Assessment	£222,831
Land Assessment	£53,452	Total Assessment	£276,283

PROPERTY TAXES

Parcel Number

09254-0004

Land Assessment

£53,452

Improvements Assessment

£222,831

Total Assessment

£276,283

Listing ID: 34815621
Date on Market: 13/02/2025
Last Updated:
Address: 11614 Myrtle Ave, Richmond Hill, NY 11418

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