Assignments

Crescent Street Development Opportunity

30-90 & 30-88 Crescent Street, Astoria, NY 11102

30-90 & 30-88 Crescent Street, Astoria, NY 11102

under contract

Asking
Sale Price
$
6500000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
6500000
Sale Price
$
Buildable SF
24438
Building SF
24438
LOT SF
24438
Cap RATE
%
Zoning
R6A

Highlights

  • 8,146 SF lot / ~24,438 buildable SF (FAR 3.0)
  • 36 feet of frontage on Crescent Street
  • Delivered vacant
  • $266 per buildable SF
  • Assemblage opportunity with 30-86 Crescent Street
  • Located just 0.4 miles from the 30th Avenue and Broadway (N, W) subway stations

Property DEscription

An exceptional residential development opportunity in a stable Astoria market. Together, 30-90 and 30-88 Crescent Street offer 8,146 square feet of land and with 36 feet of frontage, zoned R6A with an FAR of 3.0, providing approximately 24,438 buildable square feet. Both properties will be delivered vacant, ready for immediate development. The assemblage can be expanded to include 30-86 Crescent Street, increasing scale and flexibility. Located near transit, retail, and neighborhood amenities, these sites offer developers and investors a prime opportunity to execute a well-located residential project in a proven market. Astoria’s residential sector has demonstrated consistent demand and stable returns, making this offering particularly attractive for projects targeting midsize apartment buildings or multi-family rental units. The location and zoning provide clear development potential with strong long-term value.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
DA@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com

Documents

Offering Memorandum
Data Room

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