Corner 7-Unit Development Site | Seller Financing Available

31-15 14th St, Astoria, NY 11106

under contract

Asking

Sale Price

1590000

No items found.

Property Details

Status

For Sale

Property Type

Residential Development Site

Price Summary

1590000

Sale Price

Buildable SF

5302

Building SF

5302

LOT SF

5302

Cap RATE

Zoning

R6B

Highlights

2,651 Sq. Ft. Lot Zoned R6B. 5,302 Buildable Sq. Ft. As-of-Right.
Allows For the Construction of a (7) Unit Residential Building.
Situated on a Corner Lot, Allowing for 100% Lot Coverage.
Facing Astoria Health Park, a Valuable Amenity to the Local Area.
Located .6 Miles from the Broadway / 31st Avenue N/W Subway Stop.
Below-Market Seller Financing Provides Attractive Alternative to Acquisition Debt.
Nearby Condos Selling for ~$1,194/SF on Average.

Property DEscription

The property at 31-15 14th Street offers a prime development opportunity in Astoria, one of Queens’ strongest rental markets. The 2,651 SF corner lot is zoned R6B, allowing approximately 5,302 buildable SF as-of-right, and is currently improved with a vacant warehouse. The site supports the development of a 7-unit residential building, with 100% lot coverage and strong design efficiency. Located directly across from Astoria Health Park and 0.6 miles from the N/W subway, the property benefits from open views, excellent transit access, and proximity to neighborhood amenities.