Cushman and Wakefield, Inc. has been retained on an exclusive basis to arrange for the sale of 30-43 31st Street in the Astoria neighborhood of Queens. Located midblock between 30th Avenue and 31st Avenue, the 50’ x 80’ lot benefits from two curb cuts and is improved by a 2-story commercial building. The building is currently configured with a garage and storage on the ground floor and a small office on the second floor. The property will be delivered vacant upon sale. The ~4,000 SF lot is located in a C4-3 zone which has a 3.40 FAR for commercial (13,617 BSF) and a 3.00 FAR for residential (12,015 BSF) In addition, a developer could further expand the envelope considering the zoning has a 4.80 for community facility uses which allows for 19,224 BSF.
Located along the busy 31st Street corridor of Astoria, the property benefits from a significant amount of pedestrian foot traffic between 30th Avenue, 31st Avenue
and Broadway – three of Astoria’s busiest thoroughfares. Furthermore, the property is situated right in between the Astoria Boulevard and Broadway subway stations which are serviced by the and trains and both only steps away from the subject property.
Considering there has been a tremendous amount of investment and development in the immediate area, 30-43 31st Street is a great development opportunity that allows a developer to capitalize on the transformation taking place in Astoria.
