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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

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    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.
    (347) 242-0353
    Request Owner's contact information
    4201 28Th Ave Astoria, NY 11103
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    Astoria, NY 11103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4201 28Th Ave Astoria, NY 11103
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