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$10,500,000
417 Days On Site

42-01 28th Avenue
Astoria, NY 11103

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
14,725
SqFt
$713
/SqFt

Built
County:
Queens
Listing courtesy of NY Space Finders Inc [email protected]

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42-01 28th Avenue42-01 28th Avenue42-01 28th Avenue42-01 28th Avenue
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Mixed-Use Development Opportunity. Introducing an extraordinary development opportunity in Astoria, NY, 11103. This prime corner lot, strategically located on the northeast corner of 42nd and 28th Ave in the neighborhood of Astoria, offers immense potential for experienced developers. The property is zoned R6 A, R5, C1-2 with a Zoning FAR of 47,100 square feet. About the Development Project: The impressive Lot size is approx.14,725 square feet Lot allowing a project for approximately 67,861 total buildable square feet for Residential & Commercial development. The Complete Plans Building offers a total of 60 Units divided as follows: approx. 4,486 Sf Commercial Space and approx. 42,600 Sf 45 market rate Rental Units and 15 MIH units. Plus approx. 8,240 Sf for 28 Parking Spaces. This project has the benefit of: - Affordable New York 35-year real estate tax abatement - 421A Footing Documented. - Complete Plans Available & Survey. - Demolition Completed and Signed-Off. - SOE Complete. About the location: Astoria's vibrant community, rich cultural scene, and thriving local businesses make it a highly sought-after destination. The property's strategic corner location, close to the commercial Steinway St. and trafficked Astoria Blvd., offers excellent visibility and accessibility, attracting a substantial volume of foot traffic. This location offer direct access to Midtown Manhattan in under 30 minutes; being adjacent to multiple transportation options, including the N & W subway lines and bus lines, further enhances its appeal. Astoria is currently riding a wave of growth, generating a burgeoning demand for choice retail spaces, top-tier medical offices, trendy residential buildings & upscale amenities. Nestled in the heart of this vibrant area, our premier development site is optimally located to cater to Astoria's escalating needs. Taking advantage of the area's premium retail rentals, and the continued demand for condos priced above $1,000 PSF, and the market's insatiable appetite for high-priced rental apartments, this property presents an excellent investment opportunity to join Astoria's progressive trajectory and continue to shape the district's transformation. Featured Commercial Sales., Additional information: Rental Income:Y

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Listing Snapshot
Price 
$10,500,000
Days On Site 
417 Days
Bedrooms 
N/A
Inside Area (SqFt) 
14,725 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
14,725 Acres
Year Built 
N/A
MLS® Number 
L3514426
Status 
Active
Property Tax 
$104,251
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 months agoListing updated with changes from the MLS®
a year agoListing first seen on site
General Features
Cross Street 
42nd St
SqFt Total 
14725
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Listing courtesy of NY Space Finders Inc [email protected]


Based on information submitted to the MLS GRID as of 2024-10-29 08:00 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
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