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  • FOR SALE
    $2,025,000

    23-12 30th Road
    Astoria, NY 11102

    Land
    Land Lot
    0.08
    Acre Lot
    Listing by: Keller Williams Rlty Landmark, 718-475-2700
    Weichert> New York> Astoria> 11102
    Amazing Development Site in Astoria offering a great opportunity to the savvy developer as the current structure could be left in place while enlarging it into a 10 unit building and/or a large community or medical facility. This would save construction costs (no excavation, no foundation, no shoring and little to no underpinning), time and taxes, by filing for an Alteration 1 instead of a New Building. The survey and an architectural opinion are available upon request but we encourage you to verify with your own architect. The oversized lot provides additional parking or outdoor space for entertaining. Total buildable as of right is 7,100 sq/ft PLUS bonus for community facility. Currently Vacant and in average good condition this Legal 4 family detached brick home in Astoria features four 1 Bedroom apartments EASILY convertible to Junior 4s, plus a full finished basement on the oversized 25 x142 feet lot with R6B zoning. Centrally located within 3 blocks to the N and W subway stations at 30th Ave., and close to multiple cafes, restaurants, and entertainment venues. Mount Sinai is in close proximity and it is a great source of tenants. Aside from developing the site, you could use it as it is as a turn key investment in an area with strong appreciation and a very healthy rental market. All the utilities are paid for by the tenants and the building has 4 separate boilers and 4 separate hot water heaters You could combine 2 units to create a larger home while still preserving the rental income. Sites like this, delivered entirely vacant are a rare find in Astoria. If you decide to hold it and rent it as a 4 family to develop it at a later time the Projected income and expenses for the current building is available upon request, (cap rate above 7%). All vacant, no rent stabilization, all free market rents. Property qualifies for the new tax 485x , option C, tax abatement program.
    3542122
    Land Lot - Land, Other
    Queens
    0.08 Acres
    Public
    Public Sewer
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    The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

    Walk Score

    Transit Score

    Bike Score

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    Listing by: Keller Williams Rlty Landmark, 718-475-2700
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