Development in Western Queens. Shutterstock.
NEW YORK CITY – Cushman & Wakefield is marketing 217-14 24th Ave., a 64,810-square-foot development site in Bayside, Queens, on behalf of A.Real Yyz L.P. The 1.5-acre development site has over 250 feet of frontage on Little Neck Bay in Queens.
Located within an R1-2 zone, the property features have approximately 64,810 buildable square feet and allows for the 32,405-square-foot development of single-family homes or 64,810 buildable square feet of community facility space. Currently, the tenant occupying the property is carrying all property costs until October 2021.
"This site presents a rare land opportunity," said Preuss in a prepared statement."With over 250 feet of frontage overlooking Little Neck Bay, a developer can capitalize on the opportunity to acquire over an acre of land in a high barrier to entry marketplace."
Average travel time from 217-14 24th Ave. to Manhattan is 35 minutes. Within a two-mile radius of the property, is the Bayside Long Island Rail Road station, the Cross Island Parkway and the Throgs Neck Bridge, as well as multiple bus lines. The property is located near The Bay Terrace shopping center.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
