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This detached 4-family property is an excellent opportunity for both development and income investment. It boasts a strategic location with zoning designated as R7A and a generous FAR (Floor Area Ratio) of 4. This means there's significant potential for construction with a total buildable area of 10,560 square feet. The property is versatile, offering options for development or for living in one unit while generating rental income from the others. The property's location is a strong selling point, as it is conveniently situated close to various amenities, including bus routes, the NYC Ferry, Socrates Sculpture Park, Costco, and more, making it appealing for both residents and potential renters. In summary, this detached 4-family property offers a blend of development potential and steady rental income, making it a versatile and attractive investment opportunity in a desirable location.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 11-27 31st Drive
City: Long Island City
State: New York
Postal Code: 11106
County: Queens
MLS Number: ONE3515406
Courtesy of Realty Executives Today
City: Long Island City
State: New York
Postal Code: 11106
County: Queens
MLS Number: ONE3515406
Courtesy of Realty Executives Today
Courtesy of Chous Realty Group Inc
