Assignments

Prime Astoria Condo Development Site

31-30 28th Road, Astoria, NY 11102

31-30 28th Road, Astoria, NY 11102

under contract

Asking
Sale Price
$
1995000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1995000
Sale Price
$
Buildable SF
7074
Building SF
7074
LOT SF
7074
Cap RATE
%
Zoning
R6B

Highlights

  • 27’ x 130’ Lot Zoned R6B. 7,074 Buildable Sq. Ft. As-of-Right.
  • Located 2 blocks from the N/W Subway stop at 30th Avenue/31st Street.
  • Fully Detached Building reducing the cost of the demolition.
  • No lot line windows on either side, expediting the construction process.
  • Waived parking requirements due to the location in a transit zone.
  • Thriving pocket of Astoria with condos exceeding $1,300/SF and rentals exceeding $65/SF.
  • (1) Block from 30th Avenue with Access to Astoria’s Famous Nightlife.

Property DEscription

Available for sale for the first time in 50 years, 31-30 28th Road is an ideally located development site in Astoria. The property is 27’ wide and 130’ deep and zoned R6B, allowing for the development of a ~7,100 Sq. Ft. residential building. The property is surrounded by new condo and rental developments in a thriving pocket of Astoria. Fully detached on both sides, reducing the cost of demolition, the property is also not subject to lot-line windows on either side, alleviating concerns of neighbor disputes. Located 1 block from 30th Avenue, the 31-30 28th Road is centrally located with convenient access to Astoria’s famous food and nightlife scene. (2) short blocks away from the 30th Avenue Subway Stop with access to Manhattan in under 25 minutes. Furthermore, this site is located in a transit zone, allowing the developer to waive parking. Astoria is seeing tremendous growth in Condo and Rental rates. This is an exciting opportunity to build a project in one of Astoria's best block.

Map

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

Documents

Offering Memorandum
Data Room

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