$9,750,000
30-88 Crescent Street, Long Island City, Queens, NY, 11102, USA
MLS#
3531103
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
0.26 acres (0.1 ha)
Bedrooms
12
Total number of rooms
18
Sale price per sqm
0 $
Save Listing
30,864 BSF Development Opportunity in Prime Astoria! These 3 adjacent properties are a development site in the diverse, high-density, established neighborhood of Astoria. The properties boasts a R6A, R6B zoning, allowing for an "as-of-right" 30,864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett's point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. All air rights are intact. Key Points: - 30,864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet's Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
Property Details
Year Built:
1940
Style:
Multi-Level
Heating System:
Hot Water, Natural Gas
Cooling System:
Window Unit(s)
Lot Description:
Backyard Fully Fenced, Level
Basement and Foundation:
Finished basement
Association/Community Features Description:
Park
Parking / Garage
Parking type:
On Street
School Information
High School District:
Queens 30
High School:
Frank Sinatra School Of The Arts Hs
Middle School:
Albert Shanker Sch-Visual/Perf Arts

Contact Me

  • Robert Napolitano
  • Capri Jet Realty Corp
  • Phone: 718-388-2188