27 Center Drive , Malba, NY 11357

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Property Description

Rare Malba Offering - Double Lot with Estate Scale Build and Subdivision Potential 23 & 27 Center DriveA rare opportunity in the prestigious Malba enclave to create a true estate level residence or pursue a high end development project.Approved plans are already in place for a 10,000+ square foot French Chateau style home, thoughtfully designed to incorporate portions of both lots. This offers a buyer the ability to bring this grand vision to life without starting from scratch. The property is also primed for redevelopment, with water, electric, and sewer cutoffs already completed, allowing for a seamless transition into construction.For end users, this offering presents a unique opportunity to create a private estate setting with exceptional scale, privacy, and flexibility. A buyer can move forward with the existing plans or tailor them to suit their own custom residence.Two adjacent properties are being offered together, situated on oversized parcels measuring approximately 65' x 100' and 87' x 121'.For developers, the property is located within R1-2 zoning, with a completed zoning analysis outlining the potential to subdivide into three buildable lots, each supporting approximately 3,000+ square feet of living space, subject to architect and DOB approval. This creates a compelling opportunity to develop multiple custom homes in a neighborhood where new construction inventory is extremely limited.Alternatively, a buyer may choose to build on one lot while retaining the second for additional outdoor space, a secondary structure, or long term flexibility.The existing second home requires a full gut renovation, offering further upside for repositioning or resale.Set within the Malba community, known for its tree lined streets, waterfront proximity, and quiet residential feel, this is a rare chance to acquire scale, flexibility, and long term value in one of Queens' most exclusive enclaves.All information, including but not limited to zoning, plans, and development potential, is provided for informational purposes only and is not guaranteed. Buyers are advised to conduct their own due diligence and consult with their architect and professionals to verify all details.

27 Center Drive | MLS# 974441

This single family home located at 27 Center Drive , Malba, NY 11357 is currently listed for sale with an asking price of $4,395,000. This property was built in 1925 and has 4 bedrooms and 4 full baths with 2480 sq. ft. Center Drive is located within the Queens 25 school district. Search Malba real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Full
Cooling: None
Heating: Other
Home Style: Cape Cod, Colonial
Lot Size: 0.15 Acres
Taxes: $14,144
Year Built: 1925

Amenities

Other

Feature Descriptions

Appliances: Gas Range
Building Area Total: 2480
Days on Site: 2
Exterior: Brick, Frame
On Market Date: 2026-03-20
Parcel Number: 04431-0045
Parking Features: Driveway
Rental Term: Monthly
Rooms Total: 12
Sewer: Public Sewer
Utilities: None
Water: Public

Local Schools

High School: Flushing High School
Middle School: Jhs 194 William Carr
Elementary School: Ps 79 Francis Lewis
School District: Queens 25

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Estimated Payment

$ 12,241.91 per month $9,781.36 Principal & Interest $1,178.67 Property Tax $1,281.88 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Blue Brick Real Estate
Agency Contact: 718-614-8349

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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