31-42 38Th St Queens, NY 11103

This exceptional Astoria, Queens development opportunity presents a 2,500 square foot lot (25' x 100') zoned R6B, allowing for the construction of a 5,000 square foot residential building. The property is conveniently located mid-block on 38th Street, offering easy access to Steinway Street and the M/R subway line (0.02 miles to the Steinway station). An existing 1,344 square foot residential building is included and can be delivered vacant. The R6B zoning offers flexibility, including the option to waive parking requirements. This fully detached building sits on a prime lot in a consistently strong real estate market, making it an ideal investment opportunity for developers seeking to capitalize on Astoria's growth. The asking price is $1,575,000. The property address is 31-42 38th Street, Astoria, NY 11103.