Residential Development Site 18 Waterfront Acres

Residential Development Site
18 Waterfront Acres For Sale
151-45 Sixth Road, Whitestone NY 11357
PROPERTY DESCRIPTION (approximate)
Address:
151-45 Sixth Road
Whitestone, Queens
Property Size: 18.35 Acres
Upland Size: 12.78 Acres
Zoning:
R3-2
F.A.R.:
0.6
The subject assemblage site contains an
aggregate 18.35 acres which is comprised of
12.782 upland acres and 5.68 underwater
acres. The total upland area is 556,802
square feet. The upland site is a 12.78-acre
waterfront development site located between
the Throgs Neck and Whitestone Bridges in
Queens, New York and has approximately
1,000 square feet of frontage along the
Northern Queens waterfront. City approvals
were obtained for the development of 52
single family residential lots. This Flushing
section of Whitestone is a desirable, middle
to upper-middle income residential area.
This development was slated to be the “New
Malba”. The site plan rendering to the left
outlines the NYC approved site plan for the
52 residential lots on the Subject. Lot sizes
are generally in the 5,000 to 6,000 SF size.
Nine lots will have their rear lot lines
adjoining the interior waterfront park to be
located on-site while two other lots will have
their front exposure facing the street
overlooking the water and a single lot will
have its side overlooking the water. Home
sizes are envisioned in the average range of
3,200+ SF. *A Full Offering Memorandum
is Available Upon Request*
Submit All Proposals
205 Montague Street, 3rd Floor
Brooklyn, NY 11201
T: 718-238-8999 / F: 718-238-6091
275 Madison Avenue, 3rd Floor
New York, NY 10016
T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor
Please contact
Exclusive
Agent:
Forest
Hills, NY
11375
T: 718-275-3400 / F: 718-275-5478
Stephen R. Preuss
First Vice President of Sales
[email protected]
718-512-2118
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it.
All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any.
The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel
should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478
www.masseyknakal.com
THE BRONX
BROOKLYN
MANHATTAN
NASSAU
NEW JERSEY
QUEENS
STATEN ISLAND
WESTCHESTER