For Sale
$1,500,000

23-57 31St St Queens, NY 11105

Prime Queens location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional redevelopment opportunity presents a 5,126 square foot lot located at 23-57 31st Street in Astoria, Queens, New York, 11105. The property, zoned R6A, offers a significant as-of-right buildable square footage of approximately 14,539 square feet, allowing for the construction of an estimated 21 residential units. Currently improved with two apartments and one commercial space totaling 5,126 square feet, the site is being delivered vacant. The 46.86' x 110.70' lot boasts a desirable corner location, enabling 100% lot coverage, flexible floor plans, and minimal loss factor, maximizing light and air for all future units. Surrounded by high-end condo developments with sellout prices exceeding $1,200 per square foot, this property presents a compelling investment opportunity. Its proximity to excellent transportation is another key advantage, with the Broadway (N/W) and 30th Avenue subway stations both within 0.4 miles, providing easy access to Manhattan in approximately 20 minutes. The asking price for this exceptional redevelopment site is $1,500,000.

Highlights

  • 5,126 SF lot at 23-57 31st Street, Astoria, Queens, NY 11105.
  • R6A zoning allows for approximately 14,539 buildable SF, estimated 21 residential units.
  • Currently vacant, previously improved with two apartments and one commercial space totaling 5,126 SF.
  • 46.86' x 110.70' corner lot, 100% lot coverage, maximizing light and air.
  • Surrounded by high-end condos, selling over $1,200/SF; $1,500,000 asking price.
  • Excellent transportation: 0.4 miles to N/W and 30th Ave subway lines (approx. 20 min to Manhattan).

Property Details for 23-57 31St St

Property type
Mixed-use properties
Square Feet
5,126 SF

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7729366
Longitude
-73.9141553
23-57 31St St, Queens, New York

FAQs

What type of property is this?
Mixed-use property - Prime Queens location, high potential.
Where is the mixed-use property located?
The property is located at 23-57 31St St Queens, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,126 SF lot at 23-57 31st Street, Astoria, Queens, NY 11105.; R6A zoning allows for approximately 14,539 buildable SF, estimated 21 residential units.; Currently vacant, previously improved with two apartments and one commercial space totaling 5,126 SF.
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23-57 31St St
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