30-61/63 31st Street

30-61 31st Street

30-61/63 31st Street

The subject consists of two adjacent tax lots located on 31st Street between 30th and 31st Avenues with 50 feet of frontage on 31st Street and a total footprint of approximately 4,000 square feet. The property is currently improved with a 3 family apartment building of brick construction and two garage structures. Nearby Mount Sinai Medical Center is currently undergoing a $125,000,000 expansion that will bring additional jobs and people to the area. The current zoning designation of C4-3 yields a maximum F.A.R. of 3.4 giving the property approximately 13,600 buildable square feet for mixed-use development. An F.A.R. of 4.8 is achievable by providing community use space, for a total buildable square footage of approximately 19,200. Due to its prime location in the heart of Astoria, its close proximity to major transit lines, and available air rights, the property poses an excellent opportunity to join the vastly growing mix of new construction developments along 31st Street.

Status Closed
Price: $2,700,000
Type: Development / Land / Conversion
Pet Policy: Allowed
ID: 69567
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