6398 Wetherole St - Great Development Opportunity in Rego Park

0.14 Acres of Commercial Land Offered at £7,289,704 in Rego Park, NY 11374

Investment Highlights

  • Right by Rego Center and Ikea.

Executive Summary

Excellent mixed-use condo development opportunity in the heart of Rego Park. Zoning: R7-1. Based on the proposed plans, Total Buildable SQFT: 26,997. (Residential: 20,889 SQFT. Community Facility: 6,108 SQFT), 28 luxurious condo units, large day care center and 8 parking spaces. Great investment for selling the units or renting them out after the development. The other side of the lot is on Austin Street. Steps to subway station, bus stops, restaurants, shops and supermarkets.

Property Facts

Price £7,289,704
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Apartment Units - Condo
  • Daycare Centre
  • Parking Garage
Total Lot Size 0.14 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price £7,289,704
Price Per AC £51,582,232.56
Lot Size 0.14 AC

Excellent development opportunity in the heart of Rego Park. Based on the proposed plans, Total Buildable SQFT: 26,997. (Residential: 20,889 SQFT. Community Facility: 6,108 SQFT)

Description

Excellent development opportunity in the heart of Rego Park. Based on the proposed plans, Total Buildable SQFT: 26,997. (Residential: 20,889 SQFT. Community Facility: 6,108 SQFT)

Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)

zoning

Zoning Code R7-1 (Medium-density districts)
  • Listing ID: 25829221

  • Date on Market: 01/06/2022

  • Last Updated:

  • Address: 6398 Wetherole St, Rego Park, NY 11374