Middle Village Office
79-47 Metropolitan Ave
Middle Village, NY 11379

718-894-8700

Middle Village Office (2)
61-07 80th Street
Middle Village, NY. 11379

718-803-8700

Ridgewood Office
62-70 Fresh Pond Rd
Ridgewood, NY 11385

718-821-5999

Brooklyn Office
313 Graham Ave
Brooklyn, NY 11211

718-782-4411

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30-88 Crescent Street Long Island City, NY 11102
$9,750,000
  • For Sale
  • 12 Bedrooms
  • 5508 SqFt
  • Year Built 1940
  • Multi Family
  • ML# 3531103

Property Details

Overview

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.

Key Facts

  • SqFt: 5508.00
  • Style: Two Story
  • Lot Size: 0.26
  • Lot Sq Ft: 11286
  • Taxes: $20,340
  • School District#: 30
  • School District: Community District 30
  • Zoning: R6A, R6B
  • Block: 570
  • Lot: 52

Additional Features

  • Construction Materials: Frame
  • Garage: 0.0
  • Parking Spaces: Yes
  • Parking Facilities: On Street

Rooms & Floor Plans

  • Bedroom: 12
  • Other: 6

Interior & Utilities

  • Heat: Natural Gas, Hot Water
  • A/C: Window Unit(s)
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $20,340
Listing Information provided courtesy of Capri Jet Realty Corp  718-388-2188
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS