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18-15/27 Cornaga Ave
Far Rockaway, Queens | Mott Ave & Cornaga Ave
Development Site
$12,500,000
$12,500,000
Updated 2 years ago
Off Market

18-15/27 Cornaga Ave

Far Rockaway, Queens | Mott Ave & Cornaga Ave

Development Site

$12,500,000
ZoneR6
Building TypeLow-Rise
RE Taxes$50,000

Property Description for 18-15/27 Cornaga Ave

Introducing 1815-1827 Cornaga Avenue, 4 adjacent lots & 3 buildings in the R6 / C4-2 zone (2.43 & 4.8FAR with CF) on a 36,500sqFt lot. The buildable sqFt is close to 90,000sqFt and should you choose to build a community facility you can get 180,000sqFt buildable square feet which would put the price per square foot at well under $100psft. There is no 421a designation but with the return of 485X, there may be a tax abatement possible. The owner states a rezone allows 120,000sqFt buildable as of right with over 240,000sqFt buildable with a community facility. Please consult with a qualified architect or zoning analyst as this property is coming with a caveat emptor.

Listing History for 18-15/27 Cornaga Ave

Now
08/22/2024
POM by Nathaniel J. Smith
Oxford Property Group
05/13/2024
$12,500,000
Initial Price by Nathaniel J. Smith
Oxford Property Group
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Building Details for 18-15/27 Cornaga Ave

OwnershipDevelopment Site
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Learn More About the Building

Contact Agent

Contact Agent

Nathaniel Smith
FIND Real Estate

Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 95824TH
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