Astoria Development Site
23-29 Astoria Boulevard is a 4,092 Sq.Ft. development site in the diverse, high-density, established neighborhood of Astoria. The property boasts a R6A,R5D, C1-3 (split zone) zoning, allowing for an "as-of-right" 10,345 Sq. Ft. mixed-use building with (14) units and 825Sq. Ft. of retail (proposed). The lot has 24.1' of frontage and 166.89' of depth. The 24' of frontage on Astoria Boulevard, 3 blocks from the Astoria Boulevard N/W subway stop, should attract strong interest from retail tenants. The property is also located in between the Hallett's point megadevelopment and the Astoria Boulevard N/W stop which takes you into Manhattan in under 25 minutes (door to door). 23-29 Astoria Boulevard is located in prime Astoria, which has seen tremendous growth in both rental ($50 PSF) and condo pricing ($1,200 PSF). There are various employment opportunities in the area including the De Niro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. You can also count plenty of good restaurants, bars, and other nightlife venues, in the neighborhood. The property also benefits from close proximity to high-traffic retail thoroughfares including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. The property will be delivered vacant at closing. All air rights are completely intact.
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