2,861 Lot Size
1931 Year Built

PRIME ASTORIA DEVELOPMENT OPPORTUNITY – R7B / C2-3 ZONING

Excellent opportunity for builders, developers and investors in a highly desirable Astoria location surrounded by new luxury residential development.

Existing 3-story mixed-use property consists of 6 residential units plus 1 commercial storefront. Five residential units and the commercial space are currently vacant, with the remaining apartment to be delivered vacant, allowing the property to be delivered completely vacant.

2,762 SF lot with approximately 8,286 buildable residential SF at 3.0 FAR, with potential for approximately 10,772 SF at 3.9 FAR utilizing qualifying affordable housing provisions.

Ideal for ground-up redevelopment or for an investor seeking to renovate and reposition the existing property.

Zoning: R7B / C2-3. Convenient Astoria location approximately 7 minutes from the Astoria Blvd N/W subway station.

All zoning, FAR, buildable square footage and development potential must be independently verified by purchaser and architect.

Listed by Realty Quest New York Inc

GALLERY

PROPERTY DETAIL

Key Details

Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1060310
Rental Info No
Year Built 1931
Annual Tax Amount $15,836
Lot Size 2,861 Sqft
Acres 0.0657
Property Sub-Type Multi Family
Source onekey2
Location

State NY
County Queens
Rooms

Basement Unfinished
Building

Story 3
Sewer Other
Water Public
Structure Type Brick

Interior

Heating Oil
Cooling None
Fireplace No
Exterior

Parking Features On Street
Utilities Available Electricity Connected, Natural Gas Available, Natural Gas Connected, Water Available, Water Connected
Schools

High Schools Contact Agent
School District Contact Agent
Others

Special Listing Condition None