3202 31st Ave
Astoria, NY 11106
CORNER DEVELOPMENT SITE · Land For Sale
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0.06 AC
Investment Highlights
- Corner Development Site Measuring 2,485 Sq. Ft. Zoned R6A, C1-3.
- Located (2) Blocks from the N/W Subway Stop at Broadway & 31st Street.
- 100% Lot Coverage Ratio Due to Corner Lot Status.
- 7,455 BSF As-of-Right. 9,691 BSF with U.A.P.
- Located In a Transit Zone - Parking Waived.
Property Facts
| Property Type | Land | Total Lot Size | 0.06 AC |
| Property Subtype | Commercial | Year Built | 1910 |
| Proposed Use | Commercial | ||
| Zoning | R6A, C1-3 - Medium density residential district, Commercial district predominantly residential in character | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.06 AC |
| Year Built | 1910 |
| Zoning | R6A, C1-3 - Medium density residential district, Commercial district predominantly residential in character |
Description
Landair Property Advisors has been hired on an exclusive basis to coordinate the sale of 32-02 31st Avenue, located on the corner of a prime block in the heart of Astoria. Under long-term ownership for over 50 years, this is the first time this corner development site has hit the market. 32-02 31st Avenue is a 2,485 Sq. Ft. corner development site currently owner occupied and delivered vacant. Zoned R6A, C1-3, the property can be built into a 7,455 Sq. Ft. Market Rate residential building. Alternatively, the developer could take advantage of the 9,691 Sq. Ft. of air rights under the Universal Affordability Preference from City of Yes. 31st Avenue is a commercially zoned thoroughfare, allowing the purchaser to build ground floor retail on the property (C1-3 Zoning). The property is located (2)blocks from the Broadway/31st Street Subway Stop, which allows access to Manhattan under 20 minutes. Astoria has seen tremendous growth over the last 10 years. The property is well positioned to take advantage of this growth. This is a generational opportunity for a developer to own a corner in a high-growth area.
Property Taxes
| Parcel Number | 00614-0039 | Improvements Assessment | $174,690 |
| Land Assessment | $72,000 | Total Assessment | $246,690 |
Property Taxes
