Property Description

12,000 sf buildable Development opportunity in Maspeth, Queens on high traffic Grand Avenue. This combination sale is for the 2 story building located at 72-17 Grand Avenue and the adjacent corner lot at 72-19 Grand Avenue. The property at 72-19 Grand Avenue has 2 independent storefronts, 2 apartments above, and a fully finished basement. The oversized L shaped corner lot at 3,154 sq ft has a poured concrete foundation in place that is built to the corner of the block. There is a variance in place that a new building will not require a setback as the foundation is in place. 72-19 Grand Avenue sits on a 3,154' lot with an FAR of 2 in an R6 zone and can be built as of right 6,308' 72-17 Grand Avenue sits on a 2800' lot with an FAR of 2 also R6 which can be built to 5,600' as of right Combined actual is 11,908' First photos show renderings of they type of building that can be built. A good investment move would be to have commercial storefronts at street level with condos, or rental units above. Because of where the property is located on a ridge in Maspeth, the upper floors on the new build will have a panoramic view of the Manhattan skyline. Shown by appointment.

Property Features