Barone Management seeks upzone in Bay Terrace to build approximately 247 units

Barone Management, led by Scott Barone, filed an application with the city seeking an upzoning in order to develop an eight-story, 287,316-square-foot building with approximately 247 units at 217-14 24th Avenue in Bay Terrace, Queens.
According to the filing, 30 percent of the units would be permanently affordable through the Mandatory Inclusionary Housing program. Documents filed with the city show 236 units, while the city’s website says the project will have 247 units.
The site is currently occupied by the Bay Terrace Country Club.
John Silviano, principal with Barone Management, submitted the Uniform Land Use Review Procedure (ULURP) plans March 20, 2024, through the entity BMBT LLC.

The parcel is currently zoned R1-2, which represents the general land use of single-family homes. In order to proceed with the project, Barone is seeking an upzone to R6A.

The parcel is owned by A Real YYZ L.P.

According to the filing, “The Development Site (Block 6008, Lot 95) is an irregularly shaped parcel with a lot area of approximately 55,614 square feet. The site has approximately 173 feet of frontage along 24th Avenue to the north, approximately 198 feet of frontage along Little Neck Boulevard to the west, and approximately 261 feet of frontage along the Cross Island Parkway to the east.

“The Development Site is improved with the Bay Terrace Country Club, a private club that features a one-story, approximately 2,800 square foot club house (0.05 FAR) with concessions, an outdoor swimming pool, and playground. Pedestrian access to the club is provided from the 24th Avenue cul-de-sac with parking provided off-site.

“The proposed medium-density contextual R6A district with MIH is appropriate because the Rezoning Area is located at the edge of the existing R1-2 district and immediately adjacent to a non-contextual R5 district.”

The property

The property in Bay Terrace has 2,800 square feet of built space and 24,918 square feet of additional air rights for a total buildable of 27,687 square feet according to a PincusCo analysis of city data. The parcel has frontage of 182 feet and is 250 feet deep with a total lot size of 55,374 square feet. The zoning is R1-2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.2 million.

Prior sales and revenue

This property was sold with another property for $5.5 million on April 18, 2019.

Development

Over the past five years, there has been no NYC Department of Buildings new building, demolition, or alteration permit application valued at more than $20,000 filed for this parcel.

Violations and lawsuits

According to city public data, the property has received five DOB violations and $375 in OATH penalties in the last year.

There were no lawsuits or bankruptcies filed against the property for the past 24 months.

The neighborhood

In Bay Terrace, The bulk, or 45 percent of the 1.3 million square feet of commercial built space are elevator buildings, with mixed-use buildings next occupying 18 percent of the space. In sales, Bay Terrace has near average sales volume among other neighborhoods with $47.8 million in sales volume in the last two years and is the 29th highest in Queens. For development, Bay Terrace has near average amount of major developments among other neighborhoods and is the 32nd highest in Queens. It had 111,664 square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.

The block

There are no active new building construction projects on this tax block.

The surrounding

This is the first commercial real estate event of interest identified within the 400-foot radius of 217-13 24 Avenue in the past 24 months.

Direct link to the property’s ACRIS page and link to DOB NOW portal.

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