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Single Family House for Sale in Long Island City, New York, Queens, NY 11106 | Web ID: 965832 | $1,750,000

 
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Property Description

R6a Development Site With Condo Upside Prime Astoria R6a Development Opportunity – 25’ Wide Lot Exceptional Opportunity To Acquire A 25’ X 91 (approx. 2, 293 Sq Ft) Parcel In The Heart Of Astoria, Zoned R6a And Offering Approximately 6, 800–6, 900 Buildable Square Feet (as-of-right Residential Far 3.0). This Property Is Being Marketed Primarily For Land Value And Redevelopment Potential. The R6a Zoning Supports A Mid-rise Residential Building Under Quality Housing Regulations, Making It An Ideal Canvas For A Builder Seeking To Capitalize On Astoria’s Continued Residential Demand. With Approximately 6, 800+ Buildable Square Feet, The Site Presents Multiple Strategic Paths: • Develop A Boutique Multi-family Rental Asset • Construct A High-end Condominium Project • Build A Limited, Luxury Boutique Condo Product With Strong Sellout Potential • Long-term Hold With Future Appreciation Upside Astoria Continues To Demonstrate Strong Buyer Demand For New Residential Inventory, Particularly Boutique Condominium Buildings Near Transit And Vibrant Retail Corridors. The Lot’s 25-foot Frontage Allows For Efficient Floor Plates And Practical Unit Layouts — A Key Advantage For Condo Developers Focused On Maximizing Sellable Square Footage. Highlights: • 25’ Wide Lot Frontage • Approx. 2, 293 Sq Ft Lot Area • Zoned R6a • Approx. 6, 800–6, 900 Buildable Sf (as-of-right) • ~70 Ft Allowable Height (subject To Quality Housing Regulations) • Ideal For Rental Or Condominium Development • Existing Structure Conveyed As-is This Is A Strategic Acquisition Opportunity For A Builder Or Investor Seeking Both Immediate Land Control And Long-term Condo Upside In One Of Queens’ Most Resilient Residential Markets.

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City Long Island City
Prop. Type Single Family House for Sale
Tax $7,051.00
Year Built 1901
Basement See Remarks
Construction Vinyl Siding
Total Units 2
Lot SqFt 2,290
Cooling Wall/Window Unit(s)
Heat Source Natural Gas
Util Incl Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Days On Market 9
Parking Features Other
Tax Assessed Value 77580
Units 2
Features First floor bedroom, first floor full bath
Listing information courtesy of: Halvatzis Realty Inc

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  • Phone: 718-896-0777
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