116-14 Grosvenor LnQueens, NY 11418

Property Details for 116-14 Grosvenor Ln

Property type

Land

Description

This exceptional 6,100 square foot commercial land parcel, located at 116-14 Grosvenor Lane in Kew Gardens, Queens, presents a remarkable development opportunity. Zoned R-7A, this property offers significant potential for a multi-property development project. The site's zoning allows for a Floor Area Ratio (FAR) of 4, resulting in an approximate total buildable square footage of 24,400. This translates to a substantial building project, ideal for creating a new condominium or rental building in a highly desirable neighborhood. The property's convenient location provides easy access to public transportation, including the E/F express trains and the Long Island Rail Road (LIRR). Residents will also enjoy proximity to Forest Park, and the vibrant shopping districts along Metropolitan Avenue, Austin Street, and Queens Boulevard. This is a rare chance to capitalize on the strong demand for housing in this sought-after area of Queens, New York. The asking price for this exceptional development site is $4,300,000. This offering includes both 116-14 Grosvenor Lane and 8291 116th Street, totaling approximately 6,100 square feet. Don't miss this chance to build in a thriving community.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7068

Longitude

-73.836

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