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2166 31st St - Development Site 0.1 Acres of Residential Land Offered at $4,600,000 in Astoria, NY 11105
Investment Highlights
- 17,062 SF Development Opportunity with DOB Approved Plans
- 24 Unit Elevator Apartment Building
- Building Plan Features Health and Fitness Facility and Common Roof Deck
- UAP City of Yes 20% Bonus | Project Selected for no Additional UAP Audit
- All Units Feature Private Roof Terraces with Impressive Views
- One Block to "N", "W" Subway Lines
Executive Summary
Avenue and Ditmars Boulevard in the
Astoria section of Queens, New York.
Property Facts
| Price | $4,600,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.10 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | R6A - R6 - Medium density residential district | ||
| Price | $4,600,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.10 AC |
| Opportunity Zone |
Yes |
| Zoning | R6A - R6 - Medium density residential district |
1 Lot Available
Lot 846
| Price | $4,600,000 | Lot Size | 0.10 AC |
| Price Per AC | $45,821,296.94 |
| Price | $4,600,000 |
| Price Per AC | $45,821,296.94 |
| Lot Size | 0.10 AC |
Description
The subject property, 21-66 31st Street, spans 25 feet x 175.02 feet and offers DOB approved plans that include the UAP City of Yes 20% Bonus and has been selected for no Additional UAP Audit. The plans allow for a nine story, 24 unit elevator apartment building totaling 17,062 square feet. Each unit features a private terrace, most with Manhattan Skyline views and the building will offer tenants a Health and Fitness facility and a common roof deck with dramatic views. The property is zoned R6A (Block: 846, Lot: 64). Situated in Astoria’s most sought-after enclave, this unique development opportunity is poised to offer developers the rare opportunity to purchase a site with approved DOB plans, just off Astoria’s most exciting retail corridor, one block to the subway that leads to a 15 minute commute into Manhattan.
Property Taxes
| Parcel Number | 00846-0064 | Improvements Assessment | $35,386 |
| Land Assessment | $20,593 | Total Assessment | $55,979 |
Property Taxes
Contact the Sale Advisor
2166 31st St - Development Site