16,329 ZFA Development Site - Auction Date 10/22/24

Landair Property Advisors (“Landair”), has been appointed as the exclusive broker to manage a court approved bankruptcy auction for 8-48 Astoria Boulevard, Astoria, NY 11102 – Block 513, Lots 2, 3, 4 (“the Property”). The property comprises a (3) lot site spanning a total of 5,443 Sq. Ft., with lot dimensions measuring 114’ x 82’ (Irregular). The property, zoned R6A, C2-3, permits the construction of a 16,329 Sq. Ft. mixed-use building. Conveniently located 0.7 miles from the Astoria Boulevard subway stop, providing access to the (N) and (W) trains for a 25- minute commute to Manhattan. Additionally, the Astoria Ferry Stop is situated 0.3 miles away in Halletts Point. The property will be delivered vacant at closing and sold free and clear of all claims, liens and encumbrances. Key attributes of this property include its wide lot (114’ x 82’ feet), conducive to efficient floorplate design. The property will be delivered vacant and predominantly demolished, offering a clean slate for development. Its proximity to transportation options, such as the subway and ferry, adds to its appeal. The surrounding market is characterized by strong demand and limited supply in both rental and condos. Please contact listing agent for the Due Diligence Package and Bidding Procedures.