Development Lot "Astoria's Prime Corridor" 30th Ave (Queens, NYC)


Property

Website:https://www.nestseekers.com/5182250
Address:
28-19 29th St
Queens, NY 11102
Cross street:30th Ave
Ownership: Land
Type: Land
Lot Size: 5000 sq ft

Financials

Price:$4,500,000
Annual Taxes:$13,715
Real estate tax:$1,142

Description

Astoria’s value is often defined by one address: 30th Avenue—and this offering sits squarely within that prime corridor. With R6A zoning, the property presents a compelling opportunity for a contextual, high-quality residential development in one of Queens’ strongest condo markets.

The zoning allows for a Base FAR of 3.00, translating to approximately 15,000 buildable square feet. Through the Inclusionary Housing Program, the FAR increases to 3.60, allowing up to 18,000 buildable square feet, materially enhancing project yield and overall return.

Surrounded by Astoria’s acclaimed dining scene, convenient retail, and vibrant street life, the site is just moments from the elevated N train at 30th Avenue, offering a seamless commute to Manhattan and connectivity across NYC. Proximity to Mount Sinai Queens Hospital further strengthens end-user demand, particularly among medical professionals seeking quality housing within walking distance of work.

Property, Zoning & Development Highlights

  • Zoning: R6A

  • FAR (Base): 3.00 — approx. 15,000 BSF

  • FAR (Inclusionary): 3.60 — approx. 18,000 BSF

  • Land Use: Multi-Family Walk-Up Buildings

  • Lot Area: 5,000 sq ft

  • Lot Dimensions: 25 ft × 200 ft

  • Building Class: C0 – Walk-Up Apartments (Three Families)

  • Existing Building: 3 floors | 2,440 GSF | 3 residential units

A rare Astoria development site where zoning efficiency, transit access, and neighborhood prestige align—positioned for strong sell-through and premium pricing along the 30th Avenue corridor.

Exposures

  • West

Contact

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594 Broadway, New York, NY 10012, USA

28-19 29th St, Long Island City, NY 11102, USA