45-63 189th Street, New York, NY, 11358
$1,848,000
$1,898,000
activeBedrooms
5
Bathrooms
3
Lot Size
6,090 sqft
Year Built
1955
Garage
1 car
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by James S. Powers, Tapestry Real Estate of Queens
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of May 5, 2026, 8:09 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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