23-57 31St St Queens, NY 11105
- Mixed-use properties
- 5,126 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 23-57 31St St
- Property size
- 5,126 SF
- Property type
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9142
- Latitude
- 40.7729
