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Rare Queensboro Hill, Flushing Opportunity Near Main Street | Oversized 60' x 100' Corner Property with Vacant Lot & NYC Skyline Views. First Time Available in Nearly 60 Years! Welcome to a truly special offering in the highly desirable Queensboro Hill section of Flushing, Queens. Situated on an oversized 60' x 100' corner property with R4-1 zoning, this unique opportunity consists of two separate lots, including a 29' x 100' vacant lot and a 31' x 100' lot improved with a 2-story, 3-family home (no C/O, built circa 1925) offering approximately 2, 720 square feet plus a full basement. Whether you're searching for a place to call home, a property with rental income potential, a long-term investment (not financial advice), future development possibilities, or a combination of all three, this offering presents a level of flexibility that is becoming increasingly difficult to find in Flushing. The existing structure features 3 kitchens with gas cooking, 3 living rooms, 4 bathrooms, 3 gas meters, 3 electric meters, a full basement, and a detached 2-car garage. Outside, you'll find beautifully landscaped grounds with fruit trees, a patio area for relaxation or entertaining, and an abundance of outdoor space rarely found on properties this close to Downtown Flushing. Thanks to its oversized corner location, eastern exposure, and open surroundings, the property enjoys excellent natural light and a bright, airy feel throughout the day. One of the most captivating features is the view. From the top floor, enjoy mesmerizing views of the New York City skyline, the iconic Unisphere in Flushing Meadows-Corona Park, and the USTA Billie Jean King National Tennis Center, home of the U. S. Open. It's a rare combination of neighborhood charm, open space, and city scenery. Location is everything, and this property delivers. Situated just one block from PS 120 and only minutes from Downtown Flushing, you'll enjoy convenient access to some of the best dining, shopping, parks, healthcare facilities, transportation, and entertainment Queens has to offer. Nearby destinations include New York-Presbyterian Hospital, Queens College, Flushing Meadows-Corona Park, the Queens Botanical Garden, Citi Field, local and express MTA buses, the LIRR, the 7 Train, major highways and parkways, LaGuardia Airport, and JFK Airport. The property is also conveniently located near the proposed Metropolitan Park development, one of the most anticipated projects planned for Queens County. For owner-occupants, the existing layout may offer the opportunity to live on-site while generating rental income from additional units. For investors, the property's size, location, and configuration create strong long-term potential in one of Queens' most established neighborhoods. Developers and visionaries will appreciate the combination of two separate lots, corner exposure, R4-1 zoning, and New York City's evolving City of Yes initiatives, which may present opportunities for future expansion, redevelopment, and/or accessory dwelling units (ADUs), subject to approvals. Buyers are encouraged to consult with their architect, engineer, zoning consultants, and other professionals regarding potential uses and development possibilities. Large corner properties with a vacant lot, skyline views, income potential, and development flexibility are becoming increasingly scarce in Flushing. The combination of two separate lots, a 60' x 100' footprint, R4-1 zoning, city views, and an unbeatable location near Downtown Flushing creates a unique opportunity for homeowners, investors, and developers alike. Don't miss your chance to own a significant piece of real estate in Flushing for the first time in nearly six decades.
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Our Executive Mortgage Banker:
$2,999,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,399,999 | $2,399,999 | $2,399,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,112 | $1,112 | $1,112 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,253 | $14,389 | $19,930 |
| Total Monthly Payment | $14,490 | $15,626 | $21,167 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.