Address
30-88 Crescent Street, Long Island City, NY
Price
$ 9,750,000
Property Attributes
- MLS#3531103
- TypeMulti-Family
- CountyQUEENS
- CityLong Island City
- Zip11102
- StyleTwo Story
- Year Built1940
- Taxes$ 20340
- Price$ 9,750,000
- Bedrooms12
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5508
- Lot Size11,326 SqFt
Data Source:
OneKey® MLS
Property Description
30,864 BSF Development Opportunity in Prime Astoria! These 3 adjacent properties are a development site in the diverse, high-density, established neighborhood of Astoria. The properties boasts a R6A, R6B zoning, allowing for an "as-of-right" 30,864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett's point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas 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. All air rights are intact. Key Points: - 30,864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet's Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.
| Middle School | High School |
|---|---|
| Albert Shanker Sch-Visual/Perf Arts Middle School | Frank Sinatra School Of The Arts Hs |
| Price History | |
|---|---|
| 2/12/2024 | Listed $9,750,000 |
General Features
| Architectural Style | Two Story |
|---|---|
| High School | Frank Sinatra School Of The Arts Hs |
| High School District | Queens 30 |
| Middle/Junior High School | Albert Shanker Sch-Visual/Perf Arts |
| Middle/Junior School District | Queens 30 |
| Elementary School District | Queens 30 |
Interior Features
| Basement | Finished,Full |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11102
Price
Taxes
Visits
Year Built
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