Buy with Yoreevo
$1,815,660
List Price: $1,848,000
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45-63 189th Street
House in East Flushing •  building info
6bd • 3ba • 6,090ft² $303 per ft²
Buy with Yoreevo

$1,815,660

List Price

$1,848,000

Key Details
Days on market
18
Last price change
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Estimated payment
$10,901/mo
Taxes
$929/mo
Maintenance
N/A
Description
Newly Offered – Two-Family Opportunity | R3X Zoning | 60 X 100 Lot Positioned on a rectangular 60 X100 property within an R3X zoning district, this newly offered two-family presents a strong opportunity to develop a custom luxury two-family residence. With approximately 4,500 buildable square feet permitted under 0.75 FAR, the site supports substantial new construction aligned with today's expectations for space, layout, and functionality. Recent comparable activity reinforces the development potential. Based on three recent R3X sales on 4,000-sq-ft lots that were demolished for new two-family construction, the average sale price was $1,243,320. Each allowed approximately 3,000 buildable square feet—equating to about $414 per buildable square foot. Applied to the approximately 4,500 buildable square feet permitted on this lot, the comparable value approaches $1,864,980, subject to design, construction, and market conditions. The existing home is configured as a true two-family. The main level offers seven rooms with three bedrooms. The second floor includes six rooms, three bedrooms, and one bath. A full, open basement features high ceilings, a half bath, and a separate rear entrance, providing additional flexibility. The property also includes a detached one-and-a-half-car garage. The home is currently occupied by long-time tenants without leases. Initial appointments will be limited to viewing the basement and exterior grounds. Set in a quiet, suburban-like location, yet conveniently accessible to transportation, shopping, and schools. A compelling opportunity for end users, builders, or investors seeking to develop a new luxury two-family in a desirable setting.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$1,848,000
Asking Price: $1,848,000
Term
30 Years
Down Payment
$184,000 (10%)
Min: 10% (184,000)
Rate
6.0 %
Mortgage Amount
$1,663,200
Mortgage Payment
$9,972
Taxes
$929
Estimated Yoreevo rebate
$32,340
Estimated closing cost
$65,000
Total monthly cost $10,901
Buy your dream home with us and get an estimated $32,340 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Tapestry of Queens

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