Mott Avenue and Bay 24th St
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Mott Avenue and Bay 24th St
14.6 Acres of Commercial Land in Far Rockaway, NY 11691
Investment Highlights
- Regional Connectivity
- Favorable Supply / Demand Fundamentals
- ICAP Tax Abatement Eligibility
- Wide Array of Potential Uses
- Waterfront Access
Executive Summary
Mott Avenue/Bay 24th Street is a 19.44 Acre (14.59 unencumbered Acres) waterfront commercial lot with development potential along the Motts Basin in Far Rockaway, Queens. With direct access to the Motts Basin through the Property’s slip and bulkhead, this offering presents a rare opportunity to occupy, and/or reposition an undeveloped parcel of this size.
The Property is located just 20 minutes (6.4 miles) away from JFK Airport, ensuring convenient accessibility. With M3-1 zoning, the property supports a wide range of manufacturing uses, including industrial outdoor storage, and commercial development. Additionally, the Property qualifies for the Industrial and Commercial Abatement Program (ICAP), a tax incentive that reduces property taxes for a duration of 15-25 years. With robust fundamentals in the industrial/M-zoned sector, this Property presents a unique opportunity for investors or end-users.
The Property is located just 20 minutes (6.4 miles) away from JFK Airport, ensuring convenient accessibility. With M3-1 zoning, the property supports a wide range of manufacturing uses, including industrial outdoor storage, and commercial development. Additionally, the Property qualifies for the Industrial and Commercial Abatement Program (ICAP), a tax incentive that reduces property taxes for a duration of 15-25 years. With robust fundamentals in the industrial/M-zoned sector, this Property presents a unique opportunity for investors or end-users.
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 14.60 AC |
| Property Type | Land | Parcel Number | 15670-0125 |
| Property Subtype | Commercial |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 14.60 AC |
| Parcel Number | 15670-0125 |
1 Lot Available
Lot
| Lot Size | 14.60 AC |
| Lot Size | 14.60 AC |
~14.60 acres of unencumbered waterfront land with development potential in Far Rockaway, Queens
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Transit Score®
Excellent Transit (75)
zoning
| Zoning Code | M3-1, R2 (The site is zoned M3-1/R2, permitting a max. commercial FAR of 2.0 on 91.9% of the total usable lot and a max. residential FAR of 0.50 on 8.1% .) |
| M3-1, R2 (The site is zoned M3-1/R2, permitting a max. commercial FAR of 2.0 on 91.9% of the total usable lot and a max. residential FAR of 0.50 on 8.1% .) |
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Mott Avenue and Bay 24th St
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