1447 29Th Ave Queens, NY 11102

This exceptional 2,500 square foot lot, located at 1447 29th Ave in Astoria, Queens, presents a remarkable development opportunity. Zoned R6B, this property allows for the construction of a 5,000 square foot residential building, with the potential to waive parking requirements, significantly reducing development costs. The lot dimensions are 25' x 100', offering a versatile footprint for a multi-unit residential project. Approved plans are in place, expediting the construction process and minimizing pre-construction delays. The property is conveniently located just half a mile from the 30th Avenue subway station (N/W trains), providing easy access to Manhattan within a 20-minute commute. Astoria's thriving rental and condominium market, characterized by high demand and limited supply, ensures strong potential for rental income or condominium sales. The site will be delivered vacant and completely demolished, ready for immediate construction. This is a truly exceptional opportunity to capitalize on the robust Astoria real estate market with a shovel-ready site and approved plans, minimizing risk and maximizing return on investment. The asking price is $1,575,000.