20-14 Cornaga AveQueens, NY 11691

Property Details for 20-14 Cornaga Ave

Property type

Land

Description

This exceptional 4,000 square foot corner lot in Far Rockaway, Queens, presents a remarkable development opportunity. Located at 20-14 Cornaga Avenue, this property boasts a desirable R6, C2-4 zoning classification and a generous Floor Area Ratio (FAR) of 2.42, translating to a substantial 9,680 square feet of potential residential development. The site's dimensions are 44.31' x 90.40', offering abundant natural light and air. Its strategic location, just two blocks from the Far Rockaway-Mott Avenue A Train subway station, ensures excellent accessibility and convenience for future residents. Far Rockaway is experiencing a surge in development, with approximately 3,000 residential units already built or under construction, indicating a strong and growing market. The property is delivered vacant at closing, and all air rights are intact. With an estimated rental rate of $50 per square foot in a new building, this presents a compelling investment prospect with significant potential for lucrative returns. This is a rare chance to capitalize on the revitalization of Far Rockaway and create a thriving residential project.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.6024

Longitude

-73.7539

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