Property Details

Overview

Seller financing, and joint venture options available!Welcome to a rare opportunity in the heart of the highly coveted Astoria/Long Island City area. We are excited to present this prime new development site, featuring an existing mixed-use building that is now available for sale. This double lot property offers a wide range of possibilities for both investors and developers. You have the option to continue reaping the benefits of the current building’s rental income or to take advantage of the untapped potential by constructing a new residential building of up to 14 units.Lot A boasts a 22x100 lot with an existing mixed-use building offering a total of approximately 2, 300 square feet of space. The building size is 22x53. Lot B is currently being used as parking and storage for one of the commercial tenants, and the lot size is 25x100. Combined, both lots have a generous 47x100 dimension and an FAR 2 with R6B zoning, providing up to 9, 400 buildable square feet.The potential to create something truly special in one of NYC’s most desirable neighborhoods is endless with this rare opportunity. Whether you choose to invest in the existing mixed-use building or build a new residential development, you’ll enjoy all the advantages of owning a property in a prime location with close proximity to restaurants, bars, cafes, and other amenities.For more detailed information about the building’s setup and projected financials, feel free to request the relevant documents.Property Will Be Delivered Vacant, Property Being Sold ’As Is, ’ Listing Information Deemed Reliable but Not Guaranteed. Buyer’s Agent to Verify All Information.