91,876 sf Queens Residential Development Site
Description
The property is an approximately one acre plot of land (45,938 square feet) primed for residential development. 47-11 90th Street is a single interior lot with access via 90th Street and a small portion of frontage on Corona Avenue. The lot square footage is approximately 45,938 square feet and sits in an R6B / C2-3 zoning area. Within R6B / C2-3 zoning, it allows for residential or commercial development with a 2.0 floor area ratio (FAR) for a total as of right buildable of approximately 91,876 square feet. A property survey is available upon request.
The location of the lot is ideal for residential development. 47-11 90th Street is located within walking distance of the R subway train at Queens Boulevard / Grand AvNewtown Station, as well as Broadway / Elmhurst Av. The property is surrounded by major thoroughfares including Corona Avenue, Broadway, Queens Boulevard and Roosevelt Avenue.
47-11 90th Street is a great opportunity for a developer / investor to capitalize on the growing demand for residential rental and condominium space in the Elmhurst / Rego Park neighborhoods of Queens.
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Location
Zoning
R6B Zone
R Zones
In New York City, areas designated as R-zoned primarily allow for residential uses. Here's a summary of R-zoned areas across the city:
1. Purpose and Zoning Regulations:
- R-zones are intended for residential development, encompassing a wide range of housing types from single-family homes to apartment buildings.
- These zones are regulated by zoning laws to ensure that residential buildings meet specific density, height, and setback requirements to maintain neighborhood character and quality of life.
2. Types of R-zones:
- Low-Density Residential (R1-R5): Lower density developments such as detached or semi-detached single-family homes, townhouses, and low-rise apartment buildings.
- Medium-Density Residential (R6-R9): Medium-density residential development, including mid-rise apartment buildings and mixed-use buildings with residential units above ground-floor commercial spaces.
- High-Density Residential (R10): R10 zones are the highest density residential zones, allowing for high-rise apartment buildings and mixed-use developments with a greater number of residential units per lot area.