Exceptional opportunity in the heart of Malba, one of Queens' most sought-after waterfront communities. Situated on an expansive lot of over 8,700 square feet, this property offers significant potential for expansion, redevelopment, or new construction. Located on a quiet street with no through traffic, the setting provides added privacy and a peaceful residential feel. Ideal for builders, investors, or end users looking to maximize value, the generous lot size offers flexibility to reimagine and create a custom residence tailored to your vision. The existing home includes 3 bedrooms, 2.5 baths, a full basement with walk-out access, and a one-car attached garage. Conveniently located near the water, major highways, shops, and restaurants, this property combines a prime location with outstanding development potential. A rare opportunity to build or expand in a well-established waterfront neighborhood. R1-2 Zoning.