1216 30th Ave
Astoria, NY 11102
Opportunity Zone Residential Development Site · Land For Sale · 0.17 AC

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 12-16 30th Avenue in Astoria, Queens. 12-16 30th Avenue is an existing warehouse/office building of approximately 4,237 square feet and will be delivered vacant. The building sits on an approximately 7,400 square foot lot in R6B zoning and is in a Designated Opportunity Zone, allows for additional tax benefits. R6B zoning allows for a 2.0 FAR for residential development, as of right. This zoning allows for multifamily or community facility development. The gross buildable square feet equates to approximately 14,800 square feet, as of right. The property is located in a residential area with multiple new multifamily developments surrounding it. It is conveniently placed within a short walk to the Astoria Ferry Terminal at Hallets Cove Peninsula providing service throughout Astoria/LIC, NYC, and Brooklyn. Also in proximity is the Brooklyn-Queens Expressway located a half mile north, and the Astoria Boulevard subway station N W trains located a few blocks east. 12-16 30th Avenue is a great opportunity for an investor/developer to take advantage of a project within an Opportunity Zone. It is located in a highly-sought after neighborhood for new-construction residential apartments. Property inspections are by appointment only, please inquire within.