$4,250,000
●
Commercial -
Off Market
23-01 31st Street
Astoria, NY 11105
Studio
0 Bath
$28,011
Estimated Monthly
$0
HOA / Fees
-1.08%
Cap Rate
About This Property
Introducing an exceptional development prospect located in one the
best exposed corner in Astoria, NY This well-positioned
corner lot, strategically situated at the southwest intersection of
31st Street and 23rd Avenue, holds significant promise for
forward-thinking developers. Encompassing an approximate area
of 4,501 sq. ft., the property features a one-story retail building
covering around 4,251 sq. ft. Boasting a C4-3 zoning classification
and favorable floor area ratio (FAR) ratios, this property offers a
versatile foundation for potential development. Seize the
opportunity provided by as-of-right allowances to explore a
residential buildable area of 13,503 sq. ft. and a commercial
buildable area of 15,303 sq. ft. With the incorporation of
inclusionary housing, the residential buildable extends to
approximately 16,204 sq. ft., while the community facility
buildable reaches 21,605 sq. ft. These generous FAR ratios open up
exciting possibilities for residential, mixed-use, commercial, and
community facility development. The property's strategic
corner positioning ensures excellent visibility and accessibility,
attracting a substantial flow of foot traffic. Its proximity to
various transportation options, including the N & W subway lines
and five bus lines, further enhances its appeal. Featured
Commercial Sales.
Unit Size
-
Days on Market
70 days
Land Size
0.10 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$5,915
HOA Dues
-
Year Built
1931
Last updated: 3 months ago (OneKey MLS #ONE3520128)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 15, 2024 | Sold to Edge Manor Llc | $4,250,000 | |
Sold to Edge Manor Llc | |||
Dec 7, 2023 | Listed by NY Space Finders Inc | $4,500,000 | |
Listed by NY Space Finders Inc |