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$1,299,000 Just Listed
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Property Description
Development opportunity in Elmhurst. This development site offers an approximately 25ft*90ft lot totaling 2,252 SF and is located within an R6B zoning district. A full set of architectural plans is available, illustrating a possible four-story, eight-unit residential development. This presents an attractive opportunity for a boutique developer or investor seeking a multifamily or build-to-rent project. The buyer may also redesign the plans to suit their own development needs. Competitively priced, this cleared development site presents an attractive value opportunity for the next developer or investor. Conveniently located near the Grand Ave-Newtown subway station, Queens Boulevard, shopping, restaurants, public transportation, and major roadways, with easy access throughout Queens and to Manhattan. Property is being sold as-is. Buyer should independently verify zoning, plans, buildable square footage, utilities, and development details.
Full Property Details
Full Property Details for 88-37 54th Ave
General
- Price: $1,299,000
- Taxes: $6,654
- Status: Active
- Type: Lots/Land
- Source: Long_Island
- MLS ID: 1025501
- Updated: 7/14/2026
- Added to Site: 6 day(s) ago
Location
- County: Queens
- Cross Streets: 90th Street
- Driving Directions: Google Maps
School Information
- High School District: Contact Agent
- Elementary School: Contact Agent
- Middle School: Call Listing Agent
- High School: Contact Agent
Utilities
- Sewer: Public Sewer
- Water: None
- Utility Description: None
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Residential
Lot Features
- Lot Size (Acres): 0.0517
- Lot Size (Sq. Ft.): 2,252
- Lot Dimensions: 25ft * 90ft
- Zoning: R6B
Financial Considerations
- Tax Amount: $6,654
Disclosures and Reports
- Special Conditions: None
- Property ID: 01839-0038
Listed by B Square Realty
Get Pre-Approved Today
Schools
Schools serving 88-37 54th Ave
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 7 Louis F Simeone 80-55 Cornish Ave, Queens, NY 11373 | PK-3 | 0.5 mi |
Is 5 The Walter Crowley Intermediate School 50-40 Jacobus St, Queens, NY 11373 | 6-8 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 88-37 54th Ave
Date
Details
Price
Change
Source
7/14/2026
Listed
$1,299,000
—
MLS
5/28/2025
Sold
$1,299,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 88-37 54th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,736
3%
$33,535
-41%
2024
$6,563
6%
$56,460
82%
2023
$6,217
5%
$30,954
-45%
2022
$5,938
1%
$56,400
-6%
2021
$5,881
-1%
$60,300
10%
2020
$5,915
3%
$54,840
3%
2019
$5,763
24%
$53,340
107%
2017
$4,655
—
$25,795
6%
2017
$4,655
7%
$24,364
5%
2016
$4,360
2%
$23,288
—
2015
$4,273
4%
$23,288
3%
2014
$4,125
12%
$22,690
6%
2013
$3,696
—
$21,496
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 88-37 54th Ave
88-37 54th Avenue, Elmhurst, NY 11373 (MLS# 1025501) is a Lots/Land property with a lot size of 0.0517 acres. 88-37 54th Avenue is currently listed for $1,299,000 and was received on July 14, 2026. Want to learn more about 88-37 54th Avenue? Do you have questions about finding other Lots/Land real estate for sale in Elmhurst? You can browse all Elmhurst real estate or contact a Coldwell Banker agent to request more information.

