This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
906 27th Ave - Corner Lot Residential Development Site
0.15 Acres of Residential Land Offered at $4,000,000 in Astoria, NY 11102
Investment Highlights
- 6,624 Sq. Ft. corner lot with a 2,300 Sq. Ft. vacant building.
- Surrounded by new developments.
- Condo sellouts projected to exceed ~$1,000 per Sq. Ft.
- 48' X 138' Lot Zoned R6. 25,834 BSF with UAP; 14,572 BSF Market Rate.
- Close to Astoria Ferry & N/W Subway Line.
- Rental pricing in the area estimated at ~$65 per Sq. Ft.
Property Facts
| Price | $4,000,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.15 AC |
| Price | $4,000,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.15 AC |
1 Lot Available
Lot 51046
| Price | $4,000,000 | Lot Size | 0.15 AC |
| Price Per AC | $26,666,666.67 |
| Price | $4,000,000 |
| Price Per AC | $26,666,666.67 |
| Lot Size | 0.15 AC |
Description
The property at 9-06 27th Avenue, Astoria, NY 11102, offers a prime development opportunity in one of Queens' most desirable submarkets. The 6,624 Sq. Ft. lot includes a 2,300 Sq. Ft. residential building, which is currently vacant. The property’s lot dimensions are 48' x 138’ & it is situated on a corner lot. Zoned R6, the property allows for the construction of a 25,834 Sq. Ft. residential building utilizing the UAP program or a 14,572 Sq. Ft. building for 100% market-rate apartments. The surrounding area features numerous new developments, highlighting the strong demand in the neighborhood. Astoria's growing appeal includes projected condo sellouts exceeding $1,000 per Sq. Ft. and rental pricing at approximately $65 per Sq. Ft. This property represents a valuable opportunity for investors seeking to capitalize on a thriving market with high residential demand.
zoning
| Zoning Code | R6 |
| R6 |
Presented by
906 27th Ave - Corner Lot Residential Development Site
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.