156-149 78 StQueens, NY 11414
- Land
Property Details for 156-149 78 St
- Property type
- Land
Description
This shovel-ready development site in Howard Beach, Queens, presents a unique investment opportunity. Approved plans are in place for the construction of nine buildings, encompassing a total of 44 residential units – a mix of six-family and three-family buildings. The property is located at 156-149 78th St, Queens, NY 11414, and offers an attractive pro-forma NOI of $1,150,000 and a cap rate of 8.00%. The asking price for this exceptional land parcel is $3,600,000. Detailed due diligence documents, architectural drawings, and a comprehensive pro-forma are readily available. This is an ideal opportunity for developers seeking a permitted site with approved plans, minimizing pre-construction hurdles and accelerating the development timeline. The property's location in the desirable Howard Beach neighborhood of Queens offers strong potential for rental income and long-term appreciation. Don't miss this chance to acquire a prime development site in a thriving market. Contact us today to learn more and secure this exceptional investment.
Location Insight
- City
- Queens
- County
- Queens
- State
- New York
- Latitude
- 40.6676
- Longitude
- -73.8566
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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