The property is an approximately one acre plot of land (45,938 square feet) primed for residential development. 47-11 90th Street is a single interior lot with access via 90th Street and a small portion of frontage on Corona Avenue. The lot square footage is approximately 45,938 square feet and sits in an R6B / C2-3 zoning area. Within R6B / C2-3 zoning, it allows for residential or commercial development with a 2.0 floor area ratio (FAR) for a total as of right buildable of approximately 91,876 square feet. A property survey is available upon request.
The location of the lot is ideal for residential development. 47-11 90th Street is located within walking distance of the R subway train at Queens Boulevard / Grand Av Newtown Station, as well as Broadway / Elmhurst Av. The property is surrounded by major thoroughfares including Corona Avenue, Broadway, Queens Boulevard and Roosevelt Avenue.
47-11 90th Street is a great opportunity for a developer / investor to capitalize on the growing demand for residential rental and condominium space in the Elmhurst / Rego Park neighborhoods of Queens.