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28-09 & 28-07 23rd Avenue 1 Retail Properties Offered at $3,700,000 in Astoria, NY
Executive Summary
Prime Astoria Development Opportunity – 28-07 & 28-09 23rd Avenue
An exceptional chance to acquire two side-by-side properties in the heart of Astoria’s highly desirable 23rd Avenue corridor. 28-07 and 28-09 23rd Ave are being offered together, creating a rare assemblage opportunity with substantial development upside in one of Queens’ strongest performing neighborhoods.
Combined, these properties sit on two 20 x 100 lots and fall within R5D zoning, allowing up to 4,000 buildable square feet per lot. For investors and developers, this presents massive potential to maximize FAR and create a larger-scale project in a prime location just two blocks from the N/W train line.
28-07 23rd Avenue Highlights:
• Legal 1-Family with Ground-Floor Store
• One 3-Bedroom / 1-Bath Apartment (1,080 Sq Ft)
• 1,080 Sq Ft Storefront
• 500 Sq Ft Basement
• Lot Size: 20 x 100
• Gas-Powered Heat
• Property Taxes: Approx. $7,400 Annually
• Zoning: R5D (Up to 4,000 Buildable Sq Ft)
28-09 23rd Avenue Highlights:
• Legal 2-Family
• Two 3-Bedroom / 1-Bath Apartments (Total 6 Bedrooms, 2 Bathrooms)
• Approx. 2,160 Sq Ft Existing
• 1,000 Sq Ft Basement
• Lot Size: 20 x 100
• Gas-Powered Heat
• Property Taxes: Approx. $9,800 Annually
• Zoning: R5D (Up to 4,000 Buildable Sq Ft)
Together, this assemblage offers strong existing income with tremendous long-term appreciation potential. Whether you’re looking to hold, reposition, or redevelop, opportunities like this on 23rd Avenue are extremely limited.
23rd Avenue is widely recognized as one of Astoria’s most desirable streets, known for its vibrant mix of top-rated restaurants, cafés, bars, specialty markets, and everyday conveniences. With the train only two blocks away, the location continues to drive consistent residential and commercial demand.
Investors seeking scale, upside, and prime positioning in the Astoria–Ditmars market should not miss this rare offering.
An exceptional chance to acquire two side-by-side properties in the heart of Astoria’s highly desirable 23rd Avenue corridor. 28-07 and 28-09 23rd Ave are being offered together, creating a rare assemblage opportunity with substantial development upside in one of Queens’ strongest performing neighborhoods.
Combined, these properties sit on two 20 x 100 lots and fall within R5D zoning, allowing up to 4,000 buildable square feet per lot. For investors and developers, this presents massive potential to maximize FAR and create a larger-scale project in a prime location just two blocks from the N/W train line.
28-07 23rd Avenue Highlights:
• Legal 1-Family with Ground-Floor Store
• One 3-Bedroom / 1-Bath Apartment (1,080 Sq Ft)
• 1,080 Sq Ft Storefront
• 500 Sq Ft Basement
• Lot Size: 20 x 100
• Gas-Powered Heat
• Property Taxes: Approx. $7,400 Annually
• Zoning: R5D (Up to 4,000 Buildable Sq Ft)
28-09 23rd Avenue Highlights:
• Legal 2-Family
• Two 3-Bedroom / 1-Bath Apartments (Total 6 Bedrooms, 2 Bathrooms)
• Approx. 2,160 Sq Ft Existing
• 1,000 Sq Ft Basement
• Lot Size: 20 x 100
• Gas-Powered Heat
• Property Taxes: Approx. $9,800 Annually
• Zoning: R5D (Up to 4,000 Buildable Sq Ft)
Together, this assemblage offers strong existing income with tremendous long-term appreciation potential. Whether you’re looking to hold, reposition, or redevelop, opportunities like this on 23rd Avenue are extremely limited.
23rd Avenue is widely recognized as one of Astoria’s most desirable streets, known for its vibrant mix of top-rated restaurants, cafés, bars, specialty markets, and everyday conveniences. With the train only two blocks away, the location continues to drive consistent residential and commercial demand.
Investors seeking scale, upside, and prime positioning in the Astoria–Ditmars market should not miss this rare offering.
Property Facts
| Price | $3,700,000 | Number of Properties | 2 |
| Price / SF | $2,225 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 1,663 SF | |
| Sale Type | Investment | Total Land Area | 0.05 AC |
| Status | Active |
| Price | $3,700,000 |
| Price / SF | $2,225 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,663 SF |
| Total Land Area | 0.05 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 28-07 23rd Ave, Astoria, NY 11105 | Retail | 1,663 SF | 1920 | - |
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Sterling Realty
28-09 & 28-07 23rd Avenue
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