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    33-10 28Th Ave Queens, NY 11103

    For Sale
    $2,400,000

    Prime Queens location, high potential.

    Property size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional development opportunity presents a 2,700 square foot lot (27.17 ft x 100 ft) located at 33-10 28th Ave in Astoria, Queens, NY 11103. The property includes a two-story mixed-use building of approximately 1,800 square feet, currently occupied under month-to-month leases with early termination options. This offers significant flexibility for redevelopment. Zoned R6-A, the site boasts a favorable floor area ratio (FAR), allowing for the development of up to 8,100 square feet of residential buildable area as-of-right. The property's prime location offers excellent visibility and accessibility, situated near the N & W subway lines and numerous bus routes. This makes it an ideal site for residential or community facility development, capitalizing on Astoria's thriving market. The asking price is $2,400,000. This is a single-ownership property, offering a unique chance to create a significant development in a highly desirable New York City neighborhood. The property is a sale/leaseback investment opportunity.

    Property Features for 33-10 28Th Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,700 SF

    Building Details

    Buildings
    1

    HighLights

    • 2,700 sq. ft. lot (27.17 ft x 100 ft)
    • 8,100 sq. ft. of as‑of‑right residential buildable area
    • Prime Astoria location near N & W subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.918103396283
    Latitude
    40.767535694765

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Queens location, high potential.
    Where is this mixed-use property located?
    The property is located at 33-10 28Th Ave Queens, 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: 2,700 sq. ft. lot (27.17 ft x 100 ft); 8,100 sq. ft. of as-of-right residential buildable area; Prime Astoria location near N & W subway lines.
    (347) 242-0353
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    33-10 28Th Ave Queens, NY 11103
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    Queens, 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
    33-10 28Th Ave Queens, NY 11103
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