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3102 44th St - Rare Full Block Development Opportunity 0.16 Acres of Commercial Land Offered at $8,049,016 CAD in Astoria, NY 11103
Investment Highlights
- 175.8’ x 98.71’ IRR Island Lot Zoned R6A, C1-3
- No Neighbors
- High Demand Retail and Residential Location
- 27,990 Residential BSF (MIH) –14,354 Commercial BSF
- Demolition Clauses for Flexibility
- Proximity to E, F, M, & R Subway Lines
Executive Summary
Landair Advisors is pleased to present an extremely rare development opportunity in Astoria. The offering consists of two adjacent lots totaling a 7,177 Sq. Ft., currently improved by two retail buildings with a combined 4,536 Sq. Ft. of existing built space. The properties are currently occupied, with each lease containing a 6-month demolition clause.
Located on a 175.8’ x 98.71’ IRR island lot, the site is zoned R6A / C1-3, allowing for a total residential buildable of approx. 27,990 Sq. Ft. under current zoning regulations. The site is well suited for multifamily or mixed use development, or alternatively, for an investor seeking to reposition the existing structures. The property was recently rezoned to R6A, C1-3, requiring any new development to comply with Mandatory Inclusionary Housing (MIH) regulations.
The site is located just 0.3 miles from the 46th St E/F/M/R subway station, offering direct access to Midtown Manhattan in under 25 minutes. Surrounded by residential housing, local retail, and a growing number of new developments, this pocket of Astoria continues to see strong demand from renters and end-users alike.
Located on a 175.8’ x 98.71’ IRR island lot, the site is zoned R6A / C1-3, allowing for a total residential buildable of approx. 27,990 Sq. Ft. under current zoning regulations. The site is well suited for multifamily or mixed use development, or alternatively, for an investor seeking to reposition the existing structures. The property was recently rezoned to R6A, C1-3, requiring any new development to comply with Mandatory Inclusionary Housing (MIH) regulations.
The site is located just 0.3 miles from the 46th St E/F/M/R subway station, offering direct access to Midtown Manhattan in under 25 minutes. Surrounded by residential housing, local retail, and a growing number of new developments, this pocket of Astoria continues to see strong demand from renters and end-users alike.
Property Facts
1 Lot Available
Lot 4
| Price | $8,049,016 CAD | Lot Size | 0.16 AC |
| Price Per AC | $48,893,334.49 CAD |
| Price | $8,049,016 CAD |
| Price Per AC | $48,893,334.49 CAD |
| Lot Size | 0.16 AC |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00694-0004 | Improvements Assessment | $230,093 CAD |
| Land Assessment | $120,326 CAD | Total Assessment | $350,419 CAD |
Property Taxes
Parcel Number
00694-0004
Land Assessment
$120,326 CAD
Improvements Assessment
$230,093 CAD
Total Assessment
$350,419 CAD
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3102 44th St - Rare Full Block Development Opportunity
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