88-37 54th Avenue, Elmhurst, NY 11373

Property Description

Renovation or redevelopment opportunity in the heart of Elmhurst. Situated on an approximately 25' × 90' lot totaling approximately 2,252 SF within an R6B zoning district, the property includes an existing structure that has been fully gutted, offering buyers the flexibility to explore renovation, reconfiguration, alteration, or redevelopment, subject to all required approvals. A full set of proposed architectural plans is available depicting one possible four-story, eight-unit residential concept. Buyers may also evaluate alternative residential configurations, including potential one-, two-, or three-family use, based on zoning, building code requirements, existing conditions, and agency approvals. Renovating the existing structure may provide a more streamlined and potentially cost-effective alternative to complete demolition and ground-up redevelopment. Whether pursued as a value-add renovation, a customized owner-occupied residence, or a larger redevelopment project, the property offers multiple paths to create value. Located near the Grand Avenue–Newtown subway station, Queens Boulevard, shopping, dining, parks, and major roadways, the property offers convenient access throughout Queens and to Manhattan. Property is being sold as-is. Buyer is responsible for independently verifying zoning, architectural plans, buildable square footage, utilities, permitted use, and all renovation or redevelopment potential.