147-23 23rd Avenue, Whitestone, NY, 11357 | $1,999,000

Discover the exceptional potential of this oversized 40' × 150' (6, 000 SF) property, ideally situated on a quiet residential street in one of Whitestone's most desirable neighborhoods. Zoned R3A with approximately 4, 500 square feet of buildable floor area (75% FAR), this is a rare opportunity to build a stunning luxury two-family residence or reimagine the existing property to maximize its value. The existing legal two-family home is being sold strictly AS IS. The first floor is in unfinished renovation condition, offering the next owner the flexibility to complete the project according to their own vision. The second floor features 3 bedrooms and 2 full bathrooms, and the property also includes a half-finished basement. Whether you're a builder searching for your next signature project, an investor seeking long-term value, or a buyer looking to create a custom residence, this property offers outstanding possibilities in a location where oversized development lots are increasingly difficult to find. Conveniently located just minutes from the Whitestone Expressway, Cross Island Parkway, express bus service to Manhattan, and Flushing Main Street, with easy access to the 7 subway line and Long Island Rail Road, this home offers an ideal balance of suburban comfort and urban accessibility. Enjoy nearby shopping, restaurants, parks, and everything that makes Whitestone one of Northeast Queens' most sought-after communities. Large development sites like this rarely become available in the heart of Whitestone. Don't miss this exceptional opportunity to build, invest, or create something truly special.

Features

  • Baths: 4 full
  • Style: Duplex
  • Year Built: 1935
  • Garage: 2-car
  • Heating: Oil
  • Cooling: Wall/Window Unit(s)
  • Basement: Partially Finished
  • Acreage: 0.14
  • Est. Taxes: $10,619
  • Elem. School: Ps 79 Francis Lewis
  • Middle School: Jhs 185 Edward Bleeker
  • High School: Flushing High School
  • School District: Community District 25
  • MLS#: 1020570
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/1020570/1472323rdavenue_whitestone_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Broker Office Not Found   Phone: 917-859-0002

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

147-23 23rd Avenue, Whitestone, NY, 11357

$1,999,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,599,200 $1,599,200 $1,599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.133% 6.183%
Monthly Tax Payment $885 $885 $885
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,080 $9,588 $13,495
Total Monthly Payment $10,090 $10,598 $14,505

* 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.