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4201 28Th Ave Astoria, NY 11103

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For Sale
$10,500,000

Prime corner lot for residential and commercial development in Astoria.

Property size:
14,725 SF
Lot size:
0.10 Acres

Property Features for 4201 28Th Ave

General Information

Size
14,725 SF
Lot size
0.10 Acres

Source: NY Space Finders Agent Luca DiCiero

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Astoria Mixed-Use Development Opportunity

This mixed-use development opportunity is located on a corner lot at 42nd and 28th Ave in Astoria, NY. The property is zoned R6 A, R5, C1-2 with a Zoning FAR of 47,100 square feet. The lot size is approximately 14,725 square feet, allowing for a project of approximately 67,861 total buildable square feet for residential and commercial development. Complete building plans are available for a total of 60 units, divided as follows: approximately 4,486 square feet of commercial space, approximately 42,600 square feet for 45 market-rate rental units, and 15 MIH units, plus approximately 8,240 square feet for 28 parking spaces. The project benefits from an Affordable New York 35-year real estate tax abatement and 421A Footing Documented. Demolition has been completed and signed off, and the SOE is complete. The property's corner location is close to the commercial Steinway St. and trafficked Astoria Blvd., offering visibility and accessibility. It provides direct access to Midtown Manhattan in under 30 minutes and is adjacent to the N & W subway lines and bus lines. This location is suited to cater to Astoria's escalating needs.
Location Intelligence

Current Use by Public Records

28th St Plumbing ... Plumber

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Astoria
County
Queens
State
New York
Longitude
-73.9116
Latitude
40.764743

FAQs

What type of property is this?
Commercial land - Prime corner lot for residential and commercial development in Astoria.
Where is this commercial land located?
The property is located at 4201 28Th Ave Astoria, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: - Significant development potential with approximately 67,861 total buildable square feet for residential and commercial use.; - Benefit of Affordable New York 35-year real estate tax abatement and 421A Footing Documented.; - Prime corner lot location in Astoria, offering excellent visibility and accessibility near Steinway St. and Astoria Blvd.
More about this property
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