Assignments

Blockthrough Astoria Development Site

8-48 Astoria Boulevard, Astoria, NY 1110

8-48 Astoria Boulevard, Astoria, NY 1110

under contract

Asking
Sale Price
$
3950000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
3950000
Sale Price
$
Buildable SF
16329
Building SF
16329
LOT SF
16329
Cap RATE
%
Zoning
R6A, C2-3

Highlights

  • 5,443 Sq. Ft. Total Lot size. Dimensions of 114’ x 82’ (IRR).
  • Zoned R6A, C2-3, allowing for a 16,329 Sq. Ft. As-of-Right.
  • Conveniently located 0.7 miles from Astoria Boulevard Subway & 0.3 Miles from Astoria Ferry.
  • Delivered Vacant
  • Clean Phase 1 Available Upon Request

Property DEscription

Landair Advisors (“Landair”), has been retained as the exclusive broker to arrange the sale of 8-48 Astoria Boulevard, Astoria, NY 11102 – Block 513, Lots 2, 3, 4 (“the Property”). The property comprises a (3) lot site spanning a total of 5,443 Sq. Ft., with lot dimensions measuring 114’ x 82’ (Irregular). The property, zoned R6A, C2-3, permits the construction of a 16,329 Sq. Ft. mixed-use building. Conveniently located 0.7 miles from the Astoria Boulevard subway stop, providing access to the (N) and (W) trains for a 25-minute commute to Manhattan. Additionally, the Astoria Ferry Stop is situated 0.3 miles away in Halletts Point. The property will be delivered vacant at closing and sold free and clear of all claims, liens and encumbrances. Key attributes of this property include its wide lot (114’ x 82’ feet), conducive to efficient floorplate design. The property will be delivered vacant and predominantly demolished, offering a clean slate for development. Its proximity to transportation options, such as the subway and ferry, adds to its appeal. The surrounding market is characterized by strong demand and limited supply in both rental and condos. Please contact listing agent for the Due Diligence Package.

Map

Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com

Documents

Offering Memorandum
Data Room

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