Property Description

Priced for land value, Rare find this 5,002 sq. ft. lot in Astoria's R5D zone offers a compelling development opportunity in one of Queens' most active corridors. Under current zoning, the lot carries a 2.0 FAR, which translates to up to 10,004 sq. ft. of potential buildable area - enough to explore a multifamily building of up to approximately 13-14 units at a maximum height of 45 fee. A two-family structure sits on the lot today, offering the option to hold while plans are explored. The 25-foot-wide, 200-foot-deep configuration is a practical footprint for new construction, and with the City of Yes for Housing Opportunity now in effect, no parking is required for new residential development on this site - Astoria falls within the Inner Transit Zone where parking mandates were eliminated as of December 5, 2024. The N and W subway lines are accessible at Queensboro Plaza, approximately a 6-minute walk, with additional service at 30 Av station and Q18/Q102 bus connections along 30th Avenue. All zoning, FAR, and buildable figures are based on current DCP records and should be independently verified with a architect or the NYC Department of Buildings prior to reliance. Can be delivered vacant !!

Property Features

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