27-05 27th Street, a development site in the diverse, high density and established neighborhood of Astoria, Queens.
The property boasts R6A and R6B zoning, allowing for 9,200 buildable square foot residential building with 10 units (proposed).
The site is located in the prime neighborhood of Astoria, within easy striking distance of 30th Avenue shopping and multiple subway lines.
This corner lot offers great advantages with multiple design/floor plan possibilities and abundant natural light in all units.
Given the current high demand for luxury condominiums and rentals, you can expect to achieve $1,200+ PPSF for condos and $65.00+ per PPSF for rentals.
Astoria puts an entire world of food in your hands, from indulgent gastropubs to time-tested favorites. You'll find the greatest varieties along 30th Avenue, Ditmars Boulevard, and around the Broadway-Steinway subway stop. Grab a snack and head for Astoria Park, a recreation-filled oasis for countless activities - or just kicking back.
Aside from being the neighborhood of America's most celebrated piano maker, Astoria is also inextricably tied to filmmaking. This link is evidenced by the Kaufman Astoria Studios and the Museum of Moving Image. Another popular hangout is Socrates Park, located on the waterfront.
Property set-up sent upon request.
Quick Profile
Although Astoria is largely a residential neighborhood, it is filled with unique mom-and-pop shops, trendy boutiques, a plethora of dining options representing cuisines from around the world, and lush green spaces where you can relax, walk along the East River, or just enjoy the Manhattan skyline.
The atmosphere is laid back and almost small-town. In addition to luxury condos, pre-war buildings, single-family and semi-detached brick buildings, you will find low-rise buildings with apartments available at lower rents than are available in nearby Manhattan. If you enjoy shopping, you will find everything from locally handcrafted apparel and decor items to vintage treasures just waiting to be repurposed.
Astoria has long been known as a hub of Greek culture, with a burgeoning Greek community. You can barely walk a block without an opportunity to eat Greek food or experience some aspect of Greek culture. The Italian community is also quite large and well-represented in Astoria. Lately, there has been an influx of immigrants from all corners of the globe, making Astoria truly multicultural, and giving rise to eateries that offer unique gastronomic treats.