MLS # | 837239 |
Details | 4 fam, AC, Lot Size: 0.19 acres, 4 Units in the building (DOM): 7 days |
Construction Year | 1940 |
Taxes (per year) | $8,396 |
Air Conditioning | Wall Unit AC |
Basement | Full basement |
Bus | 3 min: Q102, Q18 |
4 min: Q104, Q69 | |
5 min: Q100 | |
8 min: Q19 | |
10 min: Q103 | |
Subway | 5 min: N, W |
LIRR | 1.9 miles: "Woodside" |
2 miles: "Hunterspoint Avenue" | |
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23,638 BSF Development Opportunity in Prime Astoria!
Capri Jet Realty has been retained on an exclusive basis to handle the disposition of 3088 & 3090 Crescent St, a 23,638 Sq. Ft. development site in the diverse, high-density, established neighborhood of Astoria. The property boasts a R6A zoning, allowing for an “as-of-right” 23,638 Sq. Ft. residential building with (35) units proposed. Using affordable housing, the site allows for 30,642 Sq. Ft. residential building with (45) units proposed.
The offering consists of 2 adjacent lots:
– Lots: 52 & 53
– Block: 570
– Zoning: R6A
– Lot Dimensions: 36.59 x 231.72 (Irreg. approx.)
The site is located 3 blocks from the 30th Ave N/W subway stop. The property is also located in between the Hallett’s point megadevelopment and the N/W train station which takes you into Manhattan in under 20 mins. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from proximity to multiple high-traffic areas including: Astoria Blvd, 21st St, Broadway, and 30th Ave, 31st St and Ditmars Blvd. This property represents a perfect opportunity for a developer to take advantage of Astoria’s fast growth and popular nightlife. All air rights are intact.
Key Points:
– 23,638 Buildable Sq. Ft. As of Right (35) Units
– 30,642 Buildable Sq. Ft As of Right (45) Units w/ Affordable Housing
– Strong Retail Corridor Between Hallet’s Point Megadevelopment and N/W Stop.
– Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation.
Unique Development Opportunity!
Zoning Analysis is Available!
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified. © 2024 OneKey™ MLS, LLC