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55-17 98th Street - 55-17 98th Street, Corona

0.2 Acres of Commercial Land Offered at £3,471,600 in Corona, NY 11368

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Investment Highlights

RARE DEVELOPMENT OPPORTUNITY Preliminary plans for 38 residential units, a community facility space, and 19 parking spaces.
STRONG HOUSING DEMAND Corona has consistent strong demand for housing with low vacancy and low arrears.

CONVENIENT LOCATION Situated directly off the Long Island Expressway, 7-blocks to the Woodhaven Blvd E, F, M, & R-subway station, and minutes to LGA
NOTABLE SURROUNDING ATTRACTIONS CitiField Mets Stadium, Arthur Ashe Stadium, NY Hall of Science, Queens Museum, Queens Zoo, and Flushing Meadows Park

55-17 98th Street - Ripco Setup

Property Facts Under Contract

Price	£3,471,600	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Development Sale	Proposed Use	Mixed Use Multifamily Community Centre
No. Lots	1	Total Lot Size	0.20 AC

Price	£3,471,600
Sale Type	Investment
Sale Conditions	Development Sale
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Community Centre
Total Lot Size	0.20 AC

1 Lot Available

Lot

Price	£3,471,600	Lot Size	0.20 AC
Price Per AC	£17,567,758

Price	£3,471,600
Price Per AC	£17,567,758
Lot Size	0.20 AC

Description

~8,600 SF VACANT LOT WITH PRELIMINARY PLANS FOR A 7-STORY ELEVATORED MIXED-USE BUILDING

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Walk Score ®

Very Walkable (89)

Transit Score ®

Rider's Paradise (98)

Bike Score ®

Very Bikeable (78)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	R7B
R7B

Power Broker Stephen Preuss
Power Broker Kevin Louie
Alex Svetlakou
Eric Delafraz
Ripco Real Estate

(718) 663-2639

Listing ID: 32569218
Date on Market: 24/07/2024
Last Updated:
Address: 55-17 98th Street, Corona, NY 11368

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55-17 98th Street, Corona, NY for sale Primary Photo- Image 1 of 6 — Primary Photo

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