23-57 31St StQueens, NY 11105

Property Details for 23-57 31St St

Property size (Sq ft)

5,126 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional redevelopment opportunity presents a 5,126 square foot lot located at 23-57 31st Street in Astoria, Queens, New York, 11105. The property, zoned R6A, offers a significant as-of-right buildable square footage of approximately 14,539 square feet, allowing for the construction of an estimated 21 residential units. Currently improved with two apartments and one commercial space totaling 5,126 square feet, the site is being delivered vacant. The 46.86' x 110.70' lot boasts a desirable corner location, enabling 100% lot coverage, flexible floor plans, and minimal loss factor, maximizing light and air for all future units. Surrounded by high-end condo developments with sellout prices exceeding $1,200 per square foot, this property presents a compelling investment opportunity. Its proximity to excellent transportation is another key advantage, with the Broadway (N/W) and 30th Avenue subway stations both within 0.4 miles, providing easy access to Manhattan in approximately 20 minutes. The asking price for this exceptional redevelopment site is $1,500,000.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7729

Longitude

-73.9142

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