15,750 Sq. Ft. Development Site | R4-1 Zoning w/ City of Yes - Transit Oriented Dev. Bonus

$3,650,000

80-23 59th Street, Queens, NY 11385

For Sale

Development Unknown Sub Type

Active

Last Updated: 02/26/2025

Building Size: 4,024 sqft

Lot Area: 15,750 sqft

Price Per Sqft: $154

Zoning: R4-1 (City of Yes - Outer Transit Zone)

Buildable Area: 23,625 sqft

Almost 16,000 Sq. Ft. lot for Single & Two-Family Home development
Over 23,000 Sq. Ft. of available air rights that can be used across at least 7 lots
Located within the Outer Transit Zone, increasing the FAR to 1.5
Townhome sales in the area achieving approximately $650/SF
Resales of homes in the area continue to increase in value Y-O-Y.
Located on the border of the Ridgewood, Bushwick and Glendale neighborhoods
Situated in-between Brooklyn and Queens and adjacent to Highland & Forest Park
The property is in close proximity to major retail corridors like Cypress Ave, Myrtle Ave and Wyckoff Ave

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