112-50 38th Avenue
Vacant 2,500 SF development site in Corona, Queens, zoned R6 with Unrestricted Affordable Housing Program (UAP) eligibility, offered at $1,019,000 ($104 per buildable SF). The 25' × 100' lot permits a 3.90 FAR, yielding approximately 9,750 buildable square feet for new construction or redevelopment. The property includes a vacant single-family home and conveys with vacant possession at closing, offering immediate flexibility for developers and investors.
The R6 zoning and UAP designation position the site for residential development in a growing Queens market. Located on 38th Avenue in Corona, the property is well-suited for multi-family or mixed-use projects seeking value-add opportunities in this active neighborhood.
- R6 zoning with UAP eligibility
- 3.90 FAR; ~9,750 buildable SF
- Vacant possession at closing
- $104 per buildable SF pricing
- Immediate development flexibility
Location
Located at 112-50 38th Avenue, Corona, NY, this investment opportunity features a 25' x 100' lot with R6 zoning and UAP, allowing for a 3.90 FAR and approximately 9,750 buildable square feet. Offered at an attractive $104 per buildable square foot, the property is currently improved with a vacant single-family home, providing immediate flexibility for redevelopment or new construction. With vacant possession at closing and an asking price of $1,019,000, this site presents a compelling opportunity for developers and investors seeking value in a growing Queens market.