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23-01 31st Street

Astoria, NY 11105
  • $4,250,000
  • STATUS: Closed
  • ON SITE: 86 Days
  • MLS #: 3520128
Sold - 02/15/2024
$4,250,000
SOLD - 02/15/2024
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1931
County:
Area:

School Ratings & Info

Description

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.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-03-03T11:18:26.7.
www.searchlongislandrealestate.com/homes/145896652
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23-01 31st Street Astoria, NY 11105

  • Price: $4,500,000
  • Status: Closed
  • On Site: 86 Days
  • Updated: 27 min ago
  • MLS #: 3520128
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1931
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
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.
Exterior Features

Cross Street 23rd Ave Overhead Door 0

Property Features

Building Size 50'x 90' MLSArea Minor 11 Property Sub Type Mixed Use Sewer Sewer Tax Annual Amount 70979 Tax Annual Amount1 70979 Zoning Description C4-3

Listing courtesy of Luca Diciero of NY Space Finders Inc: 718-440-8162
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Douglas Elliman Real Estate. Data last updated: 2024-03-03T11:18:26.7.
 
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