Prime Astoria Condo Development Site

Located on a 25x91.58 lot zoned R6A, this mid-block development site offers 6,867 BSF as-of-right. Currently featuring a 2-family building, the property provides an excellent opportunity to build 10 units across 6 stories with parking waived for developments of 10 units or less. Benefiting from a 100%, 10-year abatement without income restrictions (485-x), this site is financially advantageous for developers. Situated just 0.4 miles from the Broadway N/W subway stop, the location offers convenient transportation options. The area boasts a $70 PSF rental market and is close to major retail like Broadway and 30th Avenue, making it a prime spot forresidential development.