23-01 31st ST Astoria, NY 11105

Introducing an exceptional development prospect located in one the best exposed corner in Astoria, NY This well-positioned corner lot, strategically situated at the southwest intersection of 31st Street and 23rd Avenue, holds significant promise for forward-thinking developers. Encompassing an approximate area of 4,501 sq. ft., the property features a one-story retail building covering around 4,251 sq. ft. Boasting a C4-3 zoning classification and favorable floor area ratio (FAR) ratios, this property offers a versatile foundation for potential development. Seize the opportunity provided by as-of-right allowances to explore a residential buildable area of 13,503 sq. ft. and a commercial buildable area of 15,303 sq. ft. With the incorporation of inclusionary housing, the residential buildable extends to approximately 16,204 sq. ft., while the community facility buildable reaches 21,605 sq. ft. These generous FAR ratios open up exciting possibilities for residential, mixed-use, commercial, and community facility development. The property's strategic corner positioning ensures excellent visibility and accessibility, attracting a substantial flow of foot traffic. Its proximity to various transportation options, including the N & W subway lines and five bus lines, further enhances its appeal. Featured Commercial Sales.