Price Reduced 2.63%
Price History
$1,898,000
4/7/2026
$1,848,000
4/9/2026
45-63 189th Street, Flushing, NY, 11358
5 beds
3 Full baths
1955
Colonial
Five-Star R3X Development Opportunity | 60 × 100 Lot | Substantial Expansion Potential Positioned on a rectangular 60 × 100 property in an R3X zoning district, this two-family offering presents a compelling opportunity to develop a custom luxury residence or to maximize its potential through expansion. With approximately 4,500 buildable square feet permitted under a 0.75 FAR, the site supports substantial new construction aligned with today’s expectations for scale, layout, and long-term value. Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000 sq ft lots that were redeveloped into new two-family homes, the average sale price was approximately $1,243,320—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the projected value approaches $1,864,980, subject to design, construction, and market conditions. The existing structure is configured as a two-family. It includes a full, high-ceiling basement with both side and rear access, offering flexibility for future use, layout reconfiguration, or end-user customization. The first-floor unit is expected to be delivered vacant by mid-May. The second-floor unit is currently occupied. This offering is ideally suited for builders, investors, or end users seeking to capitalize on a well-located property with significant expansion potential.
Status:
Active
Type:
Single-family residential
Units:
2
Garage:
1-car
Heating:
Hot Water, Oil
Cooling:
None
Basement:
Full
Parking:
5-car, Driveway, Garage
Acreage:
0.14
Est. Taxes:
$11,143
Assessment
$87,840
Construction
Frame
Utilities
Electricity Connected
Elementary School:
Ps 107 Thomas A Dooley
Middle School:
Is 25 Adrien Block
High School:
Flushing High School
School District:
Community District 25
Days on Market:
28
MLS #:
978410
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Tapestry Real Estate of Queens 718-460-1943