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.