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    23-58 48Th St Astoria, NY 11103

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    For Sale
    $2,999,999

    Land available in Astoria, New York with M1-1 zoning.

    Source: Astor Realty

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

    Overview

    Astoria Land For Sale

    This property features land with M1-1 zoning. The lot size is 50 feet by 100 feet. Currently, there is a two-family frame house on the lot, classified as "two family frame (B2)", but the structures on the lot can be torn down. The property is buildable under M1-1 zoning.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.897551
    Latitude
    40.771814

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    FAQs

    What type of property is this?
    Land - Land available in Astoria, New York with M1-1 zoning.
    Where is this land located?
    The property is located at 23-58 48Th St Astoria, NY.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: - Buildable M1-1 Zoning offers significant development potential.; - M1-1 Zoning is suitable for various commercial and light industrial uses.; - 50 X 100 Lot Size provides ample space for construction.
    (718) 545-3000
    Request Owner's contact information
    23-58 48Th St 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
    23-58 48Th St Astoria, NY 11103
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