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Executive Summary

Positioned in one of Astoria’s most active residential & commercial districts, and truly in the core of the Ditmars / Astoria area, 27-17 23rd Avenue presents an excellent development opportunity in one of the premier locations of the Astoria market. Not your ordinary property, this “ L ” shaped lot provides rare and valuable development advantages for a truly unique new building.
Located on the vibrant path of 23rd Avenue and moments from the social and retail corridor of Ditmars Blvd, Astoria Park, and the N & W subway line, this property provides investors and developers with the ability to capitalize on outstanding location, strong residential demand, and continued long-term growth with increasing value.
Property Highlights
• “ L” shaped property offers access / frontage from 23rd Avenue with side entry / access from 28th Street, providing full frontage, multiple design/development options and ease of construction
• 24.83 ft x 100 ft ( straight form 23rd Avenue )
• 25 x 75 ( Side from 28th Street )
• Total Lot sq ft 3,233
• Zoning R5D-C1-3 at 6,500 BUILDABLE SQ FT
• Prime Astoria location near Astoria Park and waterfront
• Strong residential development corridor
• Two street blocks to N / W subway lines, and convenient access Grand Central, RFK, BQE & NYC Ferry
• Ideal opportunity for condominium or rental development, w/ mixed use options available.
• Located in a high-demand neighborhood with continued population growth
• Excellent access to neighborhood retail, dining, and lifestyle amenities
Astoria remains one of Queens’ most resilient and desirable residential markets, supported by limited housing supply, increasing luxury development, and outstanding renter demand. The neighborhood’s combination of accessibility, community character, and ongoing investment activity positions 27-17 23rd Avenue as an exceptional opportunity for developers seeking scale and long-term upside.
For additional information or offering details, please inquire directly.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
3,200 SF
Building Class
B
Year Built
1931
Price
$2,315,275 CAD
Price Per SF
$723.52 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
1.28
Lot Size
0.06 AC
Zoning
R5 - • 24.83 ft x 100 ft ( straight form 23rd Avenue ) • 25 x 75 ( Side from 28th Street ) • Total Lot sq ft 3,233 • Zoning R5D-C1-3 at 6,500 BUILDABL
Frontage
25’ on 23Rd Ave
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100

Nearby Major Retailers

Orangetheory Fitness
Starbucks
Chase Bank
Webster Bank
TD Bank
Citi
Flagstar
Bank of America
Buffalo Wild Wings
IHOP

Property Taxes

Property Taxes

Parcel Number
00855-0063
Land Assessment
$99,394 CAD
Improvements Assessment
$82,000 CAD
Total Assessment
$181,394 CAD
  • Listing ID: 40665644

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: 2717 23rd Ave, Astoria, NY 11105

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