45-63 189th Street, Flushing, NY 11358

• 5 beds |
• 3 baths |
• 2,270 sqft

Property Description

Five-Star R3X Development Opportunity | 60 × 100 Lot | Substantial Expansion Potential Positioned on a rectangular 60 × 100 property in an R3X zoning district, this two-family offering presents a compelling opportunity to develop a custom luxury residence or to maximize its potential through expansion. With approximately 4,500 buildable square feet permitted under a 0.75 FAR, the site supports substantial new construction aligned with today’s expectations for scale, layout, and long-term value. Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000 sq ft lots that were redeveloped into new two-family homes, the average sale price was approximately $1,243,320—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the projected value approaches $1,864,980, subject to design, construction, and market conditions. The existing structure is configured as a two-family. It includes a full, high-ceiling basement with both side and rear access, offering flexibility for future use, layout reconfiguration, or end-user customization. The first-floor unit is expected to be delivered vacant by mid-May. The second-floor unit is currently occupied. This offering is ideally suited for builders, investors, or end users seeking to capitalize on a well-located property with significant expansion potential.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 2:22AM

Listing Office:

Tapestry Real Estate of Queens : 718-460-1943

MLS ID:

978410

Interior

• General: First Floor Bedroom
• Basement: Full
• Flooring: Hardwood
• A/C: None
• Heating: Hot WaterOil

Exterior

• Style: Colonial
• Parking: DrivewayGarageParking spaces: 5

Location

• Originating MLS: onekey2
• School District: Queens 25
• County: Queens

Lot

• Zoning: 05531-0012

Utilities

• Utilities: Electricity Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2