Assignments

Astoria Ditmars 40' Wide Site on the Water

21-69 Shore Blvd, Astoria, NY 11105

21-69 Shore Blvd, Astoria, NY 11105

under contract

Asking
Sale Price
$
2195000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
2195000
Sale Price
$
Buildable SF
8720
Building SF
8720
LOT SF
8720
Cap RATE
%
Zoning
R5D

Highlights

  • 4,360 ft² Lot Zoned R5D. 8,720 BSF As-Of-Right.
  • Build up to (12) Units As-Of-Right.
  • Delivered Vacant.
  • Serviced By Ditmars Blvd N/W Subway Stop.
  • Waived Parking Requirements.

Property DEscription

Landair Property Advisors has been hired as the exclusive agent to arrange the sale of 21-69 Shore Boulevard (“the property”). The property presents a rare opportunity to develop in one of Astoria’s most desirable waterfront submarkets. Consisting of a 4,360 square foot midblock lot, with dimensions of 40 feet by 109 feet. Zoned R5D, the site allows for up to 8,720 square feet of residential development. Additionally, the site benefits from waived parking requirements due to it’s location in a Transit Zone. The location is surrounded by established condominium buildings, with limited remaining development sites in the area. Proximity to the waterfront offers strong appeal, with views of the Manhattan skyline adding to the property’s long-term value. Astoria continues to see strong demand for new residential product, with condominium sellout prices expected to exceed $1,200 per square foot.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
da@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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