24-21 42Nd St Astoria, NY 11103

This exceptional 9,207 square foot development site in Astoria, Queens, is offered at $2,575,000 ($279/SF). Located at 24-21 42nd Street, this R5 Infill zoned lot (Block 688, Lot 7) measures 60' x 93' and boasts a 1.65 FAR. The site's convenient location offers easy access to the Grand Central Parkway and public transportation via the Astoria Boulevard station (N and W trains). Its proximity to Steinway Street, a vibrant commercial corridor with diverse businesses, adds significant appeal. Currently vacant, this property presents a unique opportunity for developers to capitalize on Astoria's thriving real estate market and high demand for housing. Reduced parking requirements due to the Infill Zoning designation further enhance the development potential. Annual property taxes are $12,535. This is an ideal location for those seeking to build in a desirable neighborhood close to Manhattan, benefiting from Astoria's increasing popularity among young professionals and families. The site's buildable square footage is 9,207 square feet.