Long Island City NY, 11102
$9,750,000
Multi Family
For Sale
12 Beds
, 5508 SqFt
Details
ML#: 3531103
- Style: Two Story
- # of Families: 6
- Year Built: 1940
- Taxes: $20,340
- Status:Active
Description
30, 864 BSF Development Opportunity in Prime Astoria! These 3 adjacent properties are a development site in the diverse, high-density, established neighborhood of Astoria. The properties boasts a R6A, R6B zoning, allowing for an as-of-right 30, 864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett’s point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1, 200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria’s fast growth and popular nightlife. All air rights are intact. Key Points: - 30, 864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet’s Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
More Property Details
Bedroom: 12
Other: 6
Lot Size: 0.26
Lot Sq Ft: 11286
Approx. Int. Sq. Ft.: 5508.00
Garage: 0.0
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Natural Gas, Hot Water
A/C: Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $20,340
School District#: 30
School District: Community District 30
Zoning: R6A, R6B
Block: 570
Lot: 52
Listing Information provided courtesy of
Capri Jet Realty Corp
718-388-2188