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 brand new residential building of up to 13 units.
Lot A boasts a 22x100 lot with an existing mixed-use building that includes a commercial space on the bottom and two rental units on top, offering a total of approximately 2,200 square feet of space. The building size is 22x53. Lot B is currently being used as parking and storage, 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.
Our team is dedicated to helping you make the most of this opportunity. We can provide you with detailed
building set-up and pro forma upon request. Contact now to learn more about this exceptional
opportunity!
*The information provided is deemed reliable but not guaranteed, including square footage, dimensions, zoning, income figures etc. All data should be independently verified. Keller Williams NYC assumes no liability for errors or omissions. Prospective buyers and investors are encouraged to consult their own legal, financial, and zoning professionals prior to making any decisions.
