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About the Listing TREQ01 - 9028997
Newly Offered – Two-Family Opportunity | R3X Zoning | 60 × 100 Lot Positioned on a rectangular 60 × 100 property within an R3X zoning district, this newly offered two-family presents a strong opportunity to develop a custom luxury two-family residence. With approximately 4,500 buildable square feet permitted under 0.75 FAR, the site supports substantial new construction aligned with today’s expectations for space, layout, and functionality. Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000-sq-ft lots that were demolished for new two-family construction, the average sale price was $1,243,320. Each allowed approximately 3,000 buildable square feet—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the comparable value approaches $1,864,980, subject to design, construction, and market conditions. The existing home is configured as a true two-family. The main level offers seven rooms with three bedrooms. The second floor includes six rooms, three bedrooms, and one bath. A full, open basement features high ceilings, a half bath, and a separate rear entrance, providing additional flexibility. The property also includes a detached one-and-a-half-car garage. The home is currently occupied by long-time tenants without leases. Initial appointments will be limited to viewing the basement and exterior grounds. Set in a quiet, suburban-like location, yet conveniently accessible to transportation, shopping, and schools. A compelling opportunity for end users, builders, or investors seeking to develop a new luxury two-family in a desirable setting.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Oil
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: First Floor Bedroom
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: 1 car
- Parking Spaces: 5
- Lot Dimensions: 60X101.5
- Roof:
- Others: Actual
- Sewer: Public Sewer
- Parking Features: Driveway,Garage
Financial Details
- Tax Amount: $11,143
- Taxes w/Assessments: N/A
- Tax/Property ID: 05531-0012
- Tax Year: N/A
Payment Calculator
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45-63 189th St Flushing, NY 11358
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