Development opportunity in prime location in Corona consisting of a 25x100 corner lot within the R6B zoning district and in close proximity to Roosevelt Ave, the 7 train and multiple bus routes. All amenities are in the area including schools, Flushing Meadows Corona Park, Citifield and the upcoming development in Willets Point. The area enjoys a very healthy and active rental market and this plot is primed for multifamily development. This corner property has 100 feet of Southern exposure on 43rd Ave., enjoying plenty of ventilation and sunshine year round and providing many different layouts and options for development. Survey available upon request. Only all cash offers considered. Sold as is, where is, as it presently exists, with no guarantees. All Buyers and Buyers brokers are advised to perform their due diligence.
Lot Description:
Cleared, Corner Lot, Level
Elementary School:
Ps 16 Nancy Debenedittis School (The
Middle School:
Corona Arts And Sciences Academy
High School:
Pan American International Hs
School District:
Community District 24
104-71 43rd Avenue, Queens, (Corona), NY, 11368
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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