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4319 Astoria Blvd 0.06 Acres of Residential Land Offered at $1,559,515 CAD in Long Island City, NY 11105
Investment Highlights
- 25' x 100' Lot Zoned R5
- Occupied month to month & Cash-Flowing - Can Be delivered Vacant
- Easy to Finance -Single Family Home with 3 Car-Garage
- Located on Astoria Blvd. making this suitable for commercial or residential
- Average Nearby Condo Sellout $1,400 /SF
Executive Summary
Currently the lot/site hosts a Detached Single-Family Home, occupied by month-to-month tenants, providing an annual short term income of $32k while planning for re-development also making it easier to finance with a lower cash down-payment requirement and potential better interest rate and terms. Can be delivered Vacant! VERY LOW PROPERTY TAXES only $3,600 PER YEAR.
Zoning Information:
-Zoning: 25'x100' lot - R5
-Additional air rights are available under the “City of Yes” zoning regulations (FAR 2). Development potential includes up to 5,000 sq ft with a community facility, allowing for up to 6-7 units, or up to 3,750 sq ft without a community facility, allowing for up to 5 units. Buyers must perform their own due diligence to confirm applicability.
Rented on a month-to-month basis, providing flexibility for the buyer. Whether you are looking to gut renovate or build a new building, this property is perfect! Enjoy great tenants on a month-to-month basis and collect rental income until plans are approved and construction is ready to start. Alternatively, the property can be delivered vacant upon request.
Disclosures: The listing broker is also a part owner of the property.
Zoning Information:
-Zoning: 25'x100' lot - R5
-Additional air rights are available under the “City of Yes” zoning regulations (FAR 2). Development potential includes up to 5,000 sq ft with a community facility, allowing for up to 6-7 units, or up to 3,750 sq ft without a community facility, allowing for up to 5 units. Buyers must perform their own due diligence to confirm applicability.
Rented on a month-to-month basis, providing flexibility for the buyer. Whether you are looking to gut renovate or build a new building, this property is perfect! Enjoy great tenants on a month-to-month basis and collect rental income until plans are approved and construction is ready to start. Alternatively, the property can be delivered vacant upon request.
Disclosures: The listing broker is also a part owner of the property.
Property Facts
| Price | $1,559,515 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 0.06 AC |
| Property Type | Land | ||
| Zoning | R5 - R5 with a potential FAR of 2 under “City of Yes” with community facility | ||
| Price | $1,559,515 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.06 AC |
| Zoning | R5 - R5 with a potential FAR of 2 under “City of Yes” with community facility |
1 Lot Available
Lot
| Price | $1,559,515 CAD | Lot Size | 0.06 AC |
| Price Per AC | $27,173,037.32 CAD |
| Price | $1,559,515 CAD |
| Price Per AC | $27,173,037.32 CAD |
| Lot Size | 0.06 AC |
Zoning R5 Lot Size:2,500 sq.ft. (25' × 100') Development potential includes up to 5,000 sq ft with a community facility, allowing for up to 6-7 units, or up to 3,750 sq ft without a community facility, allowing for up to 5 units.
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (76)
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Presented by
Hudson Exclusive, Inc.
4319 Astoria Blvd
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