2357 31st Avenue, Astoria, NY 11106

Astoria Development Site

23-57 31st Avenue is a corner development site measuring 46' x 110' in Astoria, NY. The lot has 46.86 feet of frontage on Crescent Street and 110.70 feet of frontage on 31st Avenue. The property is located .4 miles from both the Broadway and the 30th Avenue subway stops. The zoning is R6A, and the floor area ratio is 3, allowing for a total residential buildable square footage of 14,539 sq. ft. Currently the property is built as (2) apartments and (1) store measuring a total of approximately 5,126 Sq. Ft. The property will be delivered vacant at closing. The property can be built into a 14,539 sq. ft. building with (21) apartments, presenting a fantastic investment opportunity for those seeking to build a dramatic condo or rental building. The corner lot location is a huge advantage for developers, as it allows for 100% lot coverage ratio. This reduces construction costs, resulting in lower loss-factor and provides increased options for apartment layouts, floorplates and parking. Showings by appointment only.