Active

30-90 Crescent Street

Astoria NY, 11102

$10,000,000


$1,815.54 per sqft

Active

12 Beds

6 Baths

5,508 sqft

Multi-family

Built in 1901

30,864 BSF Development Opportunity in Prime Astoria! Capri Jet Realty has been retained on an exclusive basis to handle the disposition of 3086, 3088, 3090 Crescent Street, a development site in the diverse, high-density, established neighborhood of Astoria. The property boasts a R6A, R6B zoning, allowing for an "as-of-right" 30,864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett's point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. All air rights are intact. Key Points: - 30,864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet's Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

3464232

MLS ID

March 13, 2023

Listed

November 10, 2023

Updated

Map

30-90 Crescent Street
Astoria NY, 11102

Interior Features

Bedrooms

12 Beds


Bathrooms

6 Baths


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Forced Air

Exterior/Building Features

Lot Size

0.26 acres


Lot Features

Level, Near Public Transit


Architectual Style

Two Story


Sewer

Public Sewer

School Information

School District

Queens 30


High School

Long Island City High School


Elementary School

Ps 234

Other Property Details

Taxes

$20,347


Tax Frequency

Annually


Association Amenities

Park, Near Public Transportation


Garage

No


Parking

On Street


View

No


County

Queens


Water Source

Public


Pool

No


Buyer Agency Compensation

1.5%

 

Courtesy of Capri Jet Realty Corp

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Seabelo Chabo John shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 OneKey MLS. All rights reserved.    

Data last updated 7:07 AM UTC, 11/10/2023

  

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