See all 20 photos
20 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,199,000
Est. payment /mo
3.5 Baths
3,932 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,932 sqft
Price per Sqft $304
MLS Listing ID 505628
Full Baths 3
Half Baths 1
Year Built 1920
Annual Tax Amount $5,041
Property Sub-Type Multi-Family
Property Description
A truly rare waterfront opportunity on Jamaica Bay! Offered for the first time in generations, this extraordinary three-family home sits on an exceptionally oversized waterfront property, offering an incredible combination of substantial interior living space, expansive grounds, rental income and tremendous development potential. Properties of this size and magnitude are nearly impossible to find!
The home is comprised of an expansive owner's residence, a two-bedroom rental apartment and a one-bedroom rental apartment, providing tremendous flexibility for multigenerational living or an owner-occupant seeking substantial rental income. The sheer scale of the property, both inside and out, sets it apart from virtually anything else available in the area.
Outside, the enormous backyard and sprawling side yard offer an incredible amount of private outdoor space, complemented by endless views of Jamaica Bay, a private boat slip and a newly installed bulkhead. For boating, fishing, jet skiing and waterfront enthusiasts, this is a dream setting.
Adding to its appeal is the extraordinary development potential. Current FAR allows for in excess of 11,000 square feet of buildable space, presenting significant possibilities for future expansion or redevelopment. Buyers should consult with an architect to explore what may be permitted.
Whether you're seeking a substantial waterfront residence, a live-and-earn investment, a multigenerational compound or a property with exceptional future upside, this is a once-in-a-generation opportunity that simply cannot be replicated!
The home is comprised of an expansive owner's residence, a two-bedroom rental apartment and a one-bedroom rental apartment, providing tremendous flexibility for multigenerational living or an owner-occupant seeking substantial rental income. The sheer scale of the property, both inside and out, sets it apart from virtually anything else available in the area.
Outside, the enormous backyard and sprawling side yard offer an incredible amount of private outdoor space, complemented by endless views of Jamaica Bay, a private boat slip and a newly installed bulkhead. For boating, fishing, jet skiing and waterfront enthusiasts, this is a dream setting.
Adding to its appeal is the extraordinary development potential. Current FAR allows for in excess of 11,000 square feet of buildable space, presenting significant possibilities for future expansion or redevelopment. Buyers should consult with an architect to explore what may be permitted.
Whether you're seeking a substantial waterfront residence, a live-and-earn investment, a multigenerational compound or a property with exceptional future upside, this is a once-in-a-generation opportunity that simply cannot be replicated!
Location
State NY
County Queens
Area Arverne
Rooms
Basement Full
Interior
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Siding
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Read Less Info
Listed by Revived Residential
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION