Existing Two Family For Sale on 25×100 Lot (5000 SF Buildable)

Kristen Jock – (518) 859-3056

License# 10301209234


Land For Sale

408 Seneca Ave

408 Seneca Ave, Queens, NY 11385

Price: $1,100,000
Lot Size: 2,500 SF
Property Type: Land
Property Sub-type: Multifamily (land)
Features:

  • Electricity/Power
  • Water
  • Last Verified: 12/12/2016
    Listing ID: 20079592


    Description

    Located in the rapidly appreciating neighborhood of Ridgewood on the Brooklyn/Queens border, this lot measures 2500 SF with R6B/C2-4 zoning. With both a residential component and a commercial overlay, the development potential includes condos, a mixed use building with commercial on the ground floor, a multifamily apartment building or an attractive live-work arrangement for an entrepreneur interested in building and operating a business on the site. The max FAR, without an affordable housing component, is 2, allowing up to 5,000 SF build-able. An existing frame, two family building is situated at the rear of the lot and is in mint condition. The property is built 25 x 25 FT and can be delivered vacant. In addition to the building, there is parking for up to four vehicles with curb cut access. The property is nearby to multiple lines of transportation including the M train at Seneca and the L train at Dekalb as well as several bus lines, Wyckoff Heights Medical Center and Grover-Cleveland playground. The area has seen an influx of commercial and residential development in the recent years, including many incoming businesses on a national level such as Planet Fitness, Modells and Starbucks, which indicates future upside and anticipated growth for the area.


    1 Lot Available

    Lot 1

    Price: $1,100,000
    Lot Size: 2,500 SF
    Price/SF: $440
    Lot Type: Multifamily (land)
    Commission Split: 2.5%
    Description: The lot measures 25×100 SF with R6B/C2-4 zoning.


    Kristen Jock – (518) 859-3056

    License# 10301209234


    The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.

    CJ6DL9M

    Development in Bushwick: Q1 Review

    Development in Bushwick: Q1 Review

    The development of Bushwick and Ridgewood is on the rise, boasting the largest numbers for new dwelling development in Brooklyn.  Check out the link to the Wyckoff Heights blog to see the trends in development in the neighborhood. I’m happy to see my neck of the woods in Bushwick with the most development.

    Development On The Rise In Brooklyn

    There have been several new development sites reported by The Real Deal magazine in the pipeline for Brooklyn.  Most of the projects have begun digging and are slated for completion between 2013-2014.

    Most of the sites are likely to be rental units, which developers believe produce better numbers and a higher return in the current Brooklyn market in comparison to condo units.

    Another alternative could be the hybrid building, which would start off as rentals and branch into condo sales when the area develops further.

    In regards to Bushwick, there are a few developments in the works on the Broadway/Bushwick side of the neighborhood.  This area seems to have larger parcels of property available which is highly attractive to developers.  These buildings will boast 20-30 something units, which could be future condo options for residents of the area.

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    Clarke, Katherine. “Brooklyn’s Building Bonanza.” The Real Deal. March 2013. Http://kristenjock.wordpress.com. 14 March 2013.