Nest Seekers

Prime Astoria Residential amp ; Commercial Development Opportunity.

25-57 31st Street
New York, NY 11102

Listing

Web ID:5845012
Website:https://www.nestseekers.com/5845012

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2

Financials

Price:$1,599,888
Annual Taxes:$7,499

Description

Prime Astoria Residential & Commercial Development Opportunity. Positioned in desirable Astoria, this 25x85 lot presents a compelling opportunity for developers and investors seeking a property with existing residential utility, potential income generation, and future development flexibility. Zoning: C4-3 / R6B Potential Buildable Area: Approximately 9,500 sq. ft., subject to verification by a qualified architect and compliance with applicable zoning and building regulations. Existing Property: Two-family residence. Apartments: Two two-bedroom apartments, offering potential rental income. Additional Features: One-car garage and full basement. Survey: Available upon request. The property combines an existing two-family configuration with potential for future residential and commercial development, subject to applicable approvals and professional review. Its Astoria location may appeal to investors seeking current income potential and developers evaluating a larger-scale project. All development potential, including buildable area, permitted uses, and income projections, should be independently verified by the purchaser's architect, attorney, and other qualified professionals.

Amenities

  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Park
  • Sewer Connected
  • Water Connected

Contact

Long Island City, NY
47-44 Vernon Blvd, Long Island City, NY 11101
Phone: +1 718-707-0200
Fax: +1 718-707-0233
lic@nestseekers.com
Listing Courtesy of Rescue Realty LLC
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