4707 Broadway - Astoria Development Complex
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4707 Broadway - Astoria Development Complex
0.97 Acres of Residential Land Offered at $19,500,000 in Astoria, NY 11103
Investment Highlights
- Heavy foot traffic
- Subway plans approved
- M and R train one block away
Executive Summary
47-07 Broadway luxury rental or condominium in prime Astoria.
Plans exist showing 75 luxurious one and two bedroom residential apartments (all free market), and 17,000 square feet of retail space (3700 on grade and 13,300 below grade) in one of the most desirable sections of Queens. The development features 44 parking spaces, community amenities and high end finishes that are consistent with high end rental developments in the surrounding area.
Demolition plans approved.
MTA Permit in place
Major Alt 1. Using existing foundation.
The recently approved UAP tax abatement program would allow for up to 95 units at a 2.5FAR meaning you can build 20% more units limited by the current FAR. Those units would be at a discount relating the the median income of the area. This would allow to build up to 65’, 65,000 s.f.
Plans exist showing 75 luxurious one and two bedroom residential apartments (all free market), and 17,000 square feet of retail space (3700 on grade and 13,300 below grade) in one of the most desirable sections of Queens. The development features 44 parking spaces, community amenities and high end finishes that are consistent with high end rental developments in the surrounding area.
Demolition plans approved.
MTA Permit in place
Major Alt 1. Using existing foundation.
The recently approved UAP tax abatement program would allow for up to 95 units at a 2.5FAR meaning you can build 20% more units limited by the current FAR. Those units would be at a discount relating the the median income of the area. This would allow to build up to 65’, 65,000 s.f.
Property Facts
1 Lot Available
Lot 1
| Price | $19,500,000 | Lot Size | 0.97 AC |
| Price Per AC | $20,103,093 |
| Price | $19,500,000 |
| Price Per AC | $20,103,093 |
| Lot Size | 0.97 AC |
Irregular size lot totals .97 acres in prime Astoria next to subway. Demolition plans approved MTA permit in place Major Alt 1 using existing foundation
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Rider's Paradise (100)
zoning
| Zoning Code | R6B, C1-4 |
| R6B, C1-4 |
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4707 Broadway - Astoria Development Complex
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