Amanda Adair
30-88 Crescent Street, Long Island City, NY, 11102
18 rooms
12 beds
1940
Two Story
5,508 sqft
30,864 BSF Development Opportunity in Prime Astoria! These 3 adjacent properties are a development site in the diverse, high-density, established neighborhood of Astoria. The properties boasts a R6A, R6B zoning, allowing for an "as-of-right" 30,864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett's point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. All air rights are intact. Key Points: - 30,864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet's Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Status:
Active
Type:
Multi-family
Units:
6
Zoning:
R6A, R6B
Garage:
On Street
Heating:
Natural Gas, Hot Water
Cooling:
Window Unit(s)
Basement:
Finished, Full
Acreage:
0.26
Est. Taxes:
$20,340
Construction
Frame
Lot Description:
Level, Near Public Transit
Middle School:
Albert Shanker Sch-Visual/Perf Arts
High School:
Frank Sinatra School Of The Arts Hs
School District:
Community District 30
MLS #:
3531103
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Capri Jet Realty Corp 718-388-2188