2325-2329 Astoria Boulevard

Astoria, NY, 11102

$9,600,000

$9,600,000
Withdrawn
Withdrawn
 - For Sale
property_type
Residential
2325-2329 Astoria Boulevard is a 421A eligible ~12,642 Sq. Ft. development site in Astoria. The properties boast a R6A, R5D, C1-3 zoning, which allows for an "as-of-right" 32,469 sq. ft. mixed-use building. The lots have a combined ~75 of frontage and ~175' of depth. The ~75' of frontage on Astoria Boulevard, 3 blocks from the Astoria Boulevard N/W subway stop, should attract strong interest from retail tenants. The properties are located in between the Hallett's point megadevelopment and the Astoria Boulevard N/W Subway stop taking you to Manhattan in under 25 minutes (door to door). Plans on 23-25 Astoria Boulevard have been approved by DOB since 2015 and are currently active. Building permits were pulled prior to 6/15/22. Foundation work began prior to 6/15/22. As a result, all (3) lots will be eligible for the now expired 421A tax abatement after merging of the lots. 2325-2329 Astoria Boulevard is a great opportunity to capitalize on the lack of new construction / residential space in Astoria. The site is located in prime Astoria, which has seen tremendous growth in both rental ($50 PSF) and condo pricing (+$1,200 PSF). The properties benefit from close proximity to high traffic retail thoroughfares including Astoria Boulevard, 21st Street, Broadway and 30th Avenue, 31st Street and Ditmars Boulevard. All air rights are intact and the properties will be delivered vacant. Property tours and inspections available by appointment only.
MLS® ID:
11123781
Listed:
11/27/22
Updated:
2/2/23

Interior Features

Kitchen Features
0
Total Bedrooms
0
Total Bathrooms
0
Fireplace
0

Exterior/Building Features

Lot Size
0.29 acres lot
Architectural Style
Other

Other Property Details

Taxes
$0
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Queens
Pool
No

Property History

Date
Event
Price
Value

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