47-11 90th St, Elmhurst, NY 11373
SIGNATURE DEVELOPMENT SITE IN QUEENS
Marketing description
East Coast New York is pleased to present 47-11 90th Street, a rare and expansive 45,938 SF irregular development site located in the heart of Elmhurst, Queens. This flagship property offers an exceptional opportunity for developers to achieve significant scale in one of New York City’s most high-demand and vibrant neighborhoods.
Currently utilized as an unlicensed parking lot (G7), the site boasts a generous R6B/C2-3 zoning designation. With a floor area ratio (FAR) allowing for approximately 91,876 buildable square feet, the property provides maximum flexibility for a substantial residential or mixed-use project. The site’s unique layout features extensive street frontage along 90th Street, Corona Avenue, and 91st Place, offering unparalleled visibility and creative architectural design options.
Positioned in a transit-oriented hub, the property is just minutes away from major transportation arteries and subway lines, including the E, F, M, and R trains. Surrounded by a dense concentration of shopping, dining, and local amenities, this site is perfectly positioned to capitalize on the continued growth and residential demand in Queens.
Investment highlights
- Significant Development Scale: A massive 45,938 SF lot with roughly 91,876 buildable square feet, providing a rare opportunity for large-scale development in a supply-constrained market.
- Flexible R6B / C2-3 Zoning: Allows for a variety of development paths, including luxury residential, affordable housing, or a mixed-use complex with ground-floor retail.
- Triple Street Frontage: Exceptional visibility and access with frontage along 90th Street, Corona Avenue, and 91st Place.
- Transit-Oriented Location: Strategically located near the E, F, M, and R subway lines, ensuring a short commute to Manhattan and high desirability for future residents.
- Strong Market Fundamentals: Situated in Elmhurst, a neighborhood known for its low vacancy rates and consistent demand for both residential and commercial space.
- Clean Ownership: Offered Fee Simple with a clean, marketable title; survey and detailed zoning documentation are available for qualified developers.
- Competitive Pricing: Attractively priced at approximately $98 per buildable square foot, aligned with current Queens development market values.
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