31-30 28Th Rd Queens, NY 11102
This exceptional 3,480.3 square foot development site in Astoria, Queens, presents a lucrative investment opportunity. Located at 31-30 28th Road, zip code 11102, this property boasts a prime location and is zoned R6B, allowing for a significant buildable area. With a Floor Area Ratio (FAR) of 2.0, the site offers the potential to construct approximately 7,000 square feet of building space. Preliminary assessments suggest the possibility of developing a ten-unit multi-family condominium building, ideal for resale or rental income. The property's address is precisely 31-30 28th Rd, Queens, New York, within Queens County. Detailed zoning information is readily available upon request. This land parcel, lot 38 in block 619, represents a rare chance to capitalize on Astoria's thriving real estate market. The asking price for this exceptional development site is $2,400,000. This commercial and residential zoned land offers a unique blend of potential uses, making it an attractive proposition for discerning investors and developers. The property's latitude and longitude coordinates are 40.767391 and -73.9195635 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.