New York, NY 11102

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.0 Acres

Financials

Price:$1,800,000
Annual Taxes:$1,399.52
47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of Amorelli Realty LLC

Prime Astoria Development Opportunity R7X Zoning Exceptional opportunity to acquire a vacant development site in the heart of Astoria.

Description

Prime Astoria Development Opportunity R7X Zoning Exceptional opportunity to acquire a vacant development site in the heart of Astoria. Located at 18-44 26th Road, this 25 ft x 78 ft lot offers approximately 8,700 buildable square feet under R7X zoning. Situated on a desirable residential block, the property is ideally positioned for a boutique condominium or rental development. The R7X designation allows for efficient residential layouts, making it highly attractive for developers seeking strong unit mix potential. Astoria continues to experience robust demand, with new developments in the area consistently achieving resale values exceeding $1,000 per square foot. The neighborhood’s vibrant dining scene, proximity to the waterfront, and convenient access to Manhattan via nearby subway lines further enhance long term value. This is a rare chance to secure a well located development site in one of Queens’ most dynamic and rapidly appreciating markets. Key Highlights: Lot Size: 25’ x 78’ Zoning: R7X Buildable: ~8,700 SF Strong condo sellout comps ($1,000+/SF) Prime Astoria location near transportation, retail, and waterfront

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.