69-02 Bayfield Ave, New York City, NY 11692

Description

Some properties are rare. Others are truly irreplaceable. Welcome to 69-02 Bayfield Avenue, an extraordinary waterfront offering on Jamaica Bay, available for the first time in generations. Set on an exceptionally rare 11,533-square-foot parcel measuring an impressive 64 feet wide by 180 feet deep, this remarkable property presents an opportunity that is nearly impossible to duplicate in New York City. With expansive grounds, breathtaking open-water views, a private boat slip, and the flexibility of a legal three-family residence, this is so much more than a home. It is an opportunity to own a piece of the waterfront and create a legacy for generations to come.

The sheer size of this property is what immediately sets it apart. The enormous backyard stretches toward the shores of Jamaica Bay, while the exceptionally spacious side yard offers a level of openness, privacy, and outdoor freedom rarely found in the five boroughs. Whether you envision an incredible outdoor entertaining space, lush gardens, a waterfront retreat, or simply room for your family to enjoy, the possibilities are extraordinary. A newly constructed bulkhead and private boat slip provide direct access to the bay, making this a dream come true for boating enthusiasts and lovers of the water. Imagine spending your mornings fishing, afternoons jet skiing, weekends boating, and evenings watching the sun set over the seemingly endless waters of Jamaica Bay. This is not simply waterfront living; it is a lifestyle that few properties can offer.

The existing residence is an approximately 3,932-square-foot legal three-family home, offering an exceptional opportunity for both end users and investors. The property comprises a spacious three-bedroom owner's residence, an additional three-bedroom apartment on the upper level, and a separate one-bedroom apartment, along with two distinct basement areas located toward the front and rear of the home. The configuration is ideal for multigenerational living, allowing extended family to enjoy their own private residences while remaining together on one extraordinary property. Alternatively, an owner can occupy one residence while collecting rental income from the others, potentially offsetting a substantial portion of their ownership expenses. For investors, the three legal units offer multiple income streams in an incredibly unique waterfront setting.

Beyond the extraordinary lifestyle and income potential lies another compelling advantage: the land itself. With R4-1 residential zoning and an exceptionally rare 11,533-square-foot parcel measuring 64 feet wide by 180 feet deep, this property presents tremendous possibilities for the future. Whether you envision expanding the existing residence, creating a spectacular private waterfront compound, or exploring the property's full development potential, the opportunities are incredibly exciting. Buyers are encouraged to consult with an architect to explore the property's zoning, allowable buildable square footage, and development possibilities.

What makes 69-02 Bayfield Avenue particularly special is that it appeals to so many different visions. For the waterfront enthusiast, it is a private gateway to boating, fishing, jet skiing, and everything Jamaica Bay has to offer. For the end user, it is an opportunity to enjoy an enormous property with the added financial benefit of rental income. For the multigenerational family, it offers the ability to live together without sacrificing independence. And for the investor or visionary buyer, it is an exceptionally rare piece of waterfront land with existing income-producing improvements and exciting long-term possibilities.

There are properties you can renovate, properties you can expand, and properties you can build. But what you cannot create is another 64-by-180-foot parcel directly on Jamaica Bay, with this combination of waterfront access, outdoor space, residential flexibility, and extraordinary pot