Property Description

Exceptional development opportunity in the heart of Bayside! Rare 50' x 100' (5,000 SF) corner property located in an R4 zoning district with significant upside under the City's Predominantly Built-Up provisions. Situated within the Bayside Inner Transit Zone, approximately an 8-10 minute walk to the LIRR station, this property benefits from the elimination of residential parking requirements, substantially enhancing its development potential. Preliminary feasibility analysis indicates the potential for approximately 6,750 square feet of zoning floor area, allowing for an attractive three-story multifamily residential development with an estimated 7 to 9 residential units (subject to architect's verification and governmental approvals). The property enjoys outstanding visibility, excellent access, and is immediately adjacent to a recently completed multifamily development, demonstrating strong neighborhood support for new residential construction. Conveniently located near Northern Boulevard, shopping, restaurants, schools, parks, and public transportation. A truly outstanding opportunity for developers, investors, and builders seeking one of Bayside's most compelling redevelopment sites.One of the few remaining corner development sites within walking distance of the Bayside LIRR Station.

Property Features

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