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3128 28th Rd - Prime Astoria Condo Development Site 0.08 Acres of Commercial Land Offered at $2,709,210 CAD in Astoria, NY 11102
Investment Highlights
- 27’ x 130’ Lot Zoned R6B. 7,074 Buildable Sq. Ft. As-of-Right.
- Fully Detached Building reducing the cost of the demolition.
- Thriving pocket of Astoria with condos exceeding $1,300/SF and rentals exceeding $65/SF.
- Located 2 blocks from the N/W Subway stop at 30th Avenue/31st Street.
- Waived parking requirements due to the location in a transit zone.
Property Facts
| Price | $2,709,210 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.08 AC |
| Zoning | R6B - Zoned R6B and situated on a 27’ x 131’ lot, the property offers approximately 7,074 buildable square feet. | ||
| Price | $2,709,210 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.08 AC |
| Zoning | R6B - Zoned R6B and situated on a 27’ x 131’ lot, the property offers approximately 7,074 buildable square feet. |
1 Lot Available
Lot
| Price | $2,709,210 CAD | Lot Size | 0.08 AC |
| Price Per AC | $33,384,390.77 CAD |
| Price | $2,709,210 CAD |
| Price Per AC | $33,384,390.77 CAD |
| Lot Size | 0.08 AC |
Description
31-28 28th Rd is a highly desirable development site in Astoria, Queens. Zoned R6B and situated on a 27’ x 131’ lot, the property offers approximately 7,074 buildable square feet, creating an excellent opportunity for a new residential project in one of the borough’s most in-demand neighborhoods. The site will be delivered vacant and includes an existing 1,910 square foot two-family home, giving a buyer a clear and straightforward path to redevelopment. With convenient access to the subway, the location is well suited for a boutique condominium building that aligns with strong buyer demand for new construction product in Astoria. With Astoria continuing to see strong demand for new residential product, 31-28 28th Rd presents a compelling opportunity to execute a boutique condo development in a proven market. Recent sellouts in the area have exceeded $1,300 per square foot, supporting an attractive basis and clear exit potential for a developer or investor.
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3128 28th Rd - Prime Astoria Condo Development Site
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