Prime development opportunity in the heart of Richmond Hill! This 50 x 100 lot is positioned within R6B zoning with a C2-4 commercial overlay, offering outstanding potential for residential or mixed-use redevelopment. With a base FAR of 2.0 and the potential to reach up to approximately 2.4 FAR through applicable city programs and incentives (buyer to verify with architect), developers have the opportunity to create an estimated 10,000 to 12,000 square feet of buildable space.
The zoning allows for a variety of possibilities, including a new mixed-use building featuring ground-floor retail or professional space with residential apartments above, a boutique residential building with multiple full-floor units, or a community facility such as medical offices, educational space, or professional use. The C2-4 overlay provides added flexibility and enhances long-term value by supporting commercial frontage along this active corridor.
Located on a well-traveled street with excellent visibility, and just moments from public transportation, shopping, dining, and neighborhood amenities, this property is ideally positioned for strong future demand. An exceptional opportunity for developers, investors, and builders seeking to maximize development potential and long-term returns in a thriving Queens neighborhood.
180 days
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40
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0
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Zillow last checked:
Listing updated:
Listed by:
Key Impact Realty Group Inc718-799-0053,
Zhen Hu CBR RENE SRS CRS917-776-7588,
Allison Eng347-321-3983,
Key Impact Realty Group Inc
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 960692
Facts & features
Property
Lot
Size: 5,000 Square Feet
Dimensions: 50 x 100
Features: City Lot
Details
Parcel number: 092540004
Zoning: R6B
Special conditions: None
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
HOA
Has HOA: No
Location
Region: Richmond Hill
Financial & listing details
Annual tax amount: $41,396
Date on market: 2/11/2026
Cumulative days on market: 180 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/25/2026
Pending sale
$1,588,888
Source: OneKey® MLS as distributed by MLS GRID #960692Report a problem
3/10/2026
Price change
$1,588,888-3.6%
Source: OneKey® MLS as distributed by MLS GRID #960692Report a problem
2/11/2026
Listed for sale
$1,649,000
Source: OneKey® MLS as distributed by MLS GRID #960692Report a problem
8/2/2025
Listing removed
$1,649,000
Source: OneKey® MLS as distributed by MLS GRID #824113Report a problem
5/10/2025
Price change
$1,649,000-5.7%
Source: OneKey® MLS as distributed by MLS GRID #824113Report a problem
3/7/2025
Listed for sale
$1,749,000
Source: OneKey® MLS as distributed by MLS GRID #824113Report a problem
Hide
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.