306 Beach 68th Street

Arverne, NY 11692
$1,250,000

Description

Welcome to Arverne in Far Rockaway, Queens, where this exceptional property spans lots 24 and 73, featuring a 200-foot frontage and 59-foot depth along Beach 67th and Beach 68th Streets. We are seeking an investor or developer with innovative ideas for this prime location. Potential uses for the property (subject to architectural review) include residential development with approximately 15,000 buildable square feet or community facility usage with up to 24,000 buildable square feet. With the ongoing development of Arverne by the Sea just around the corner, including new rentals, commercial stores, and restaurants, the area is in high demand for affordable housing or community facilities such as medical centers or schools. The property is currently zoned R5/R5A, but with the NYC YES program and its proximity to public transportation, there's potential for an increased FAR (Floor Area Ratio)

  • Property Details
    • Property
      • View:Park/Greenbelt
      • Lot description:Cleared, Additional Land Available, Level
    • Measurements
      • Acres:0.28
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:See Remarks
  • Community and Neighborhood Details
    • Community
      • Community features:Sidewalks
    • Location
      • School district:Queens 27
      • Middle School:Ps 183 Dr Richard R Green
      • High School:Rockaway Collegiate High School
      • County:Queens
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 250, 000
      • Taxes annual:$8, 300
  • Other
    • Source
      • MLS #:3590158

Location

Keller Williams LandmarkAsk Vinny Thompson team
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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