Mott Avenue/Bay 24th Street is a 19.44 Acre (14.59 unencumbered Acres) waterfront commercial lot with development potential along the Motts Basin in Far Rockaway, Queens. With direct access to the Motts Basin through the Property’s slip and bulkhead, this offering presents a rare opportunity to occupy, and/or reposition an undeveloped parcel of this size.
The Property is located just 20 minutes (6.4 miles) away from JFK Airport, ensuring convenient accessibility. With M3-1 zoning, the property supports a wide range of manufacturing uses, including industrial outdoor storage, and commercial development. Additionally, the Property qualifies for the Industrial and Commercial Abatement Program (ICAP), a tax incentive that reduces property taxes for a duration of 15-25 years. With robust fundamentals in the industrial/M-zoned sector, this Property presents a unique opportunity for investors or end-users.