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43-02 31st Avenue, Astoria, NY 11103

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For Sale

$6,500,000

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

Explore this Property

This offering consists of two adjacent lots totaling a 7,177 Sq. Ft., currently improved by two retail buildings with a combined 4,536 Sq. Ft. of existing built space. The properties are currently occupied, with each lease containing a 6-month demolition clause. Located on a 175.8' x 98.71' IRR island lot, the site is zoned R6A / C1-3, allowing for a total residential buildable of approx. 27,990 Sq. Ft. under current zoning regulations. The site is well suited for multifamily or mixeduse development, or alternatively, for an investor seeking to reposition the existing structures. The property was recently rezoned to R6A, C1-3, requiring any new development to comply with Mandatory Inclusionary Housing (MIH) regulations. The site is located just 0.3 miles from the 46th St E/F/M/R subway station, offering direct access to Midtown Manhattan in under 25 minutes. Surrounded by residential housing, local retail, and a growing number of new developments, this pocket of Astoria continues to see strong demand from renters and end-users alike.
MLS# 11571302

Courtesy Of Landair Property Advisors, LLC

(646) 559-4700

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CENTURY 21 Unique Realty

(516) 625-9100
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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