83-68 117th Street is a 3,894 Sq. Ft. development site with approved plans in a high density residential area. Developers will benefit from the R7A zoning by being able to build an as-of-right 15,579 Sq. Ft. mixed-use building with (23) units. Plans approved in July 2020 call for (6) 2-bedrooms and (17) 1-bedrooms, along with (14) storage spaces, (12) bike storage spaces, a laundry room and a rooftop common area terrace. Parking was waived due to the R7A zoning requirements however the lot does have a curb cut. The lot has 82.5′ of frontage on 117th street and 44.5′ of frontage on Curzon Road. The rectangular corner lot will give way to efficient floorplates and abundant light for the future building. No demolition is required as plans have already been approved therefore reducing construction costs and significantly reducing the construction timeline. 83-68 117th Street is located .6 miles from the 121st Street J / Z Train Subway Stop and .6 miles from the Kew Gardens LIRR train stop. The property also benefits from close proximity to high-traffic retail thoroughfares including Lefferts Boulevard, Metropolitan Avenue, and Queens Boulevard. The property presents a perfect opportunity for a developer to take advantage of a shovel-ready site in a appreciating area with high rent growth and minimal residential supply. The property will be delivered with approved plans and free of any and all violations at closing. All air rights are completely intact. Plans are available upon request.
