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Commercial Land with Retail Building

31-02 44th St, Astoria, NY 11103

For Sale
Contact for pricing

An occupied retail property sits on a rezoned parcel with residential and mixed-use development potential.

Property SizeContact for details
Days on Market30

Property Features for 31-02 44th St

General Information

Standard status Active
Property subtype Land
Listing Agency: Landair Advisors
Listed By: Dean Abouelhassan · License NY #10401372021
Source: Crexi
Added: Oct 16 Changed: Nov 9 Last Checked: Nov 12 at 8:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Landair Advisors

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Investment Insights

Based on property information with market context.

The 2,895-square-foot parcel currently contains an occupied 2,774-square-foot retail building. Its lease includes a six-month demolition clause. Zoning is R6A / C1-3, with 8,685 square feet of residential floor area buildable under current regulations. The zoning also makes Mandatory Inclusionary Housing requirements applicable to new development, subject to the stated exception for projects of no more than 10 units and 12,500 square feet of residential floor area under ZR 27-131(a)(4).

At 31-02 44th St in Astoria, the site is 0.3 miles from the 46th St E/F/M/R subway station; Midtown Manhattan is accessible in under 25 minutes. The parcel measures 55.17 feet by 98.71 feet. Potential paths identified for the property include multifamily or mixed-use development, or continued use or repositioning of the existing structure.

Key Highlights

  • 2,895‑square‑foot lot with an existing 2,774‑square‑foot retail building
  • R6A / C1‑3 zoning; 8,685 square feet of residential floor area buildable under current regulations
  • Occupied property with a six‑month demolition clause in the lease

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home (Bike/Boat/Book/etc) Store Real Estate Agency Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,376
Businesses Nearby
171k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 36% Shops & Services 34% Groceries 15% Office Supplies 11%
Burger King Dining
36,225 visits/mo 0.5 miles
Staples Office Supplies
17,925 visits/mo 0.5 miles
C-Town Supermarkets Groceries
14,284 visits/mo 0.3 miles
BP Shops & Services
11,847 visits/mo 0.4 miles
Key Food Groceries
11,032 visits/mo 0.4 miles

Demographics for 11103, NY

37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Queens County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - An occupied retail property sits on a rezoned parcel with residential and mixed-use development potential.
Where is this commercial land located?
The property is located at 31-02 44th St Astoria, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 2,895‑square‑foot lot with an existing 2,774‑square‑foot retail building; R6A / C1‑3 zoning; 8,685 square feet of residential floor area buildable under current regulations; Occupied property with a six‑month demolition clause in the lease
(516) 532-5385 Call to check price and availability
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