2112 31st Avenue, Astoria, NY 11106

25' x 114' Lot Zoned R6A. 8,550 Buildable.

21-12 31st Avenue is a 25' x 114' lot in a prime location inAstoria. The property boasts a R6A zoning, allowing for an "as-of-right" 8,550 Sq. Ft. mixed-use building with 10-12 units. The lot has 25'of frontage and 114' of depth. The property is located .6 miles from both the 30th Avenue and Broadway Subway Stops. Furthermore, the property is located .5 Miles from the Astoria ferry stop. Currently the property is built as a 3-family measuring approximately 3,294 Sq. Ft. The property will be delivered vacant at closing. It is located on one of Astoria's best blocks, adjacent to a new 7-st0ry building (21-10 31st Avenue) and another 7-story building built in 2009, 21-16 31st Avenue. Both neighboring buildings have a basement. 21-12 31st Avenue is a good opportunity for a developer to come into an area of Astoria that has seen tremendous development in the past. There is significant demand for rental and condo product in the area, with condo pricing achieving ~$1,200 PSF and rental pricing achieving ~$65 PSF. The property also benefits from close proximity to high-traffic retail thoroughfares including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. The property will be delivered vacant at closing. All air rights are intact. Showings are by appointment only.