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23-61 31st StreetASTORIA, QUEENS
D E V E L O P M E N T O P P O R T U N I T Y
1 1 -UNIT MIXED-USE PROPERTY
11-Unit Mixed-Use BuildingAstoria
Queens
23-61 31st StreetP R O P E R T Y I N F O
Building FeaturesAddress:
Location:
Block/Lot: Lot Dimensions:
Building DimensionsHeight (max): Units: ZoningFAR: Lot Size: Total Buildable SF: Existing Structure: Available Air Rights: Assessment (17/18): Taxes (17/18):
Offering SummaryPrice: Units:Price per Square Foot:
23-61 31st Street, Astoria, NY 11105
On the east side of 31st Street between 23rd Road & 24th Avenue
835 / 1425' x 90'
75’11 (10 Residential, 1 Commercial)C4-3RESI 3.0 | COMM 3.4 | FACILITY 4.82,250 sq. ft. (approx.)7,650 sq. ft. (approx.)1,672 sq. ft. (approx.)5,978 sq. ft. (approx.)$21,496$4,381
$2,250,00011$294
© 2018 Voyeur Real Estate LLC is a licensed real estate broker and abides by the Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. As applicable, we make no representation as to the condition of the property (or properties) in question. This is not intended to solicit property already listed.
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Development HighlightsVoyeur Real Estate is excited to be the exclusive broker for the sale of the development site at 23-61 31st Street, located on the east side of 31st Street between 23rd Road and 24th Avenue, in Queens’ Astoria neighborhood. Positioned in the heart of beautiful Astoria, Curbed NY’s 2017 winner for Neighborhood of the Year!
The property is a 1,672 square foot, two-story semi-detached house, significantly underbuilt, containing 2 residential units, currently consisting of two (2) one-bedroom apartments. Situated on a 25' x 90' lot, with C4-3 zoning, this site can be developed as-of-right into a 7,650 square foot 11-unit mixed-use building with 10 residential apartments and one commercial space.
**Sale will include:• DOB APPROVED PLANS!!• MTA APPROVAL• DEMO APPROVAL
Settled along the main transportation and retail corridor in Astoria, the site is just 0.2 miles from the Grand Central Parkway/BQE/Triborough Bridge, and is centered 0.2 miles from both the N-W subway station at Astoria Blvd. and Ditmars Blvd.
Strong demand for sales and rentals in Astoria offers developers the opportunity to acquire an asset with considerable upside as either a condominium or multi-family investment property.
• BORINGS• ARCHITECTURAL SURVEYS• CLEAN ENVIRONMENTAL
• FULLY ENTITLED• VACANT
C u r r e n t C o n d i t i o n
F u t u r e R e n d e r i n g
Neighborhood• Astoria is the northwestern most neighborhood in Queens• One of the most ethnically diverse locales on Earth• Two blocks from Grand Central Parkway, BQE & Triborough Bridge | 15-minute subway
ride into Manhattan | 2 blocks to N-W trains at both Astoria Blvd and Ditmars Blvd | Close proximity to LaGuardia Airport
• 15-minute subway ride into Midtown Manhattan • Located within highly residential Astoria neighborhood• Close to Astoria Park, Bohemian Hall & Beer Garden, & Taverna Kyclades• Multiple Citi Bike locations within two block radius• Located 0.7 miles from $150mm Mount Sinai Hospital Queens expansion project
Development Highlights• **Includes DOB approved plans, survey, and fully entitled• Potential 6-story, 11 units plus basement development• Loft-like 10’6” ceilings• Prime development site along major retail/transportation corridor in blossoming area• Tax class 1• Building will be delivered vacant• Minimal demolition necessary based on existing structure• Opportunity to create private outdoor spaces with views for multiple apartments• Opportunity to develop mixed-use building (residential/retail/office/community facility)
23-61 31st Street
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PROPERTY INFO
31st STREET
32nd STREET
23rd
RO
AD
24th
AV
EN
UE
For More Information, Please Contact:Jeffrey P. HarrisPresident(646) [email protected]
Voyeur Real Estate26-12 4th StreetAstoria, NY 11102P: (718) 705-7897voyeurrealestate.com
© 2018 Voyeur Real Estate LLC is a licensed real estate broker and abides by the Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. As applicable, we make no representation as to the condition of the property (or properties) in question. This is not intended to solicit property already listed.
LGA
RFK / TRIBOROUGH BRIDGEASTORIA CITYWIDE FERRY
11 UNITS
7,650 BSF ( P LU S 2 , 169 S F BA S E ME N T )
2,250 SF LOT
C4-3 ZONING
3.4 FAR
7 STORIES
0 PARKING SPACES
LOCATION
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23-61 31st Street
23-61 31st StreetVIEWS
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EAST
SOUTH
WEST
NORTH
NEW DEVELOPMENTS
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New Development Boom
Astoria is in the midst of one of the biggest development booms in New York City thanks to its waterfront location and its proximity to Manhattan, Brooklyn, the Bronx, Long Island, New Jersey, and Connecticut
New developments, both rentals and condos, are springing up throughout Astoria:
23-61 31st Street
23-67 31st Street – The Nordic - 9 Units | 6 Stories | c. 2018
22-07 Astoria Blvd - 9 Units | 6 Stories | c. 2017
23-09 Astoria Blvd - 9 Units | 5 Stories | c. 2016
23-15 Astoria Blvd - 37 Units | 7 Stories | c. 2017
23-23 Astoria Blvd - 14 Units | 8 Stories | c. 2017
23-25 Astoria Blvd - 12 Units | 7 Stories | c. 2017
26-05 28th Street - 28 Units | 6 Stories | c. 2017
28-18 Astoria Blvd – The Slate - 28 Units | 5 Stories | c. 2015
28-22 Astoria Blvd – 25 Units | 7 Stories | c. 2016
23-88 31st Street - 28 Units | 7 Stories | c. 2014
30-92 29th Street – The Academy - 55 Units | 7 Stories | c. 2017
37-14 31st Avenue - 10 Units | 6 Stories | c. 2017
31-57 31st Street – Astoria Central - 114 Units | 7 Stories | c. 2016
30-40 21st Street – The Grove- 62 Units | 7 Stories | c. 2016
23-33 31st Road – 16 Units | 5 Stories | c. 2017
26-14 28th Street – BLVD – 11 Units | 5 Stories | c. 2017
11-07 Welling Court – Graffiti House – 28 Units | 7 Stories | c. 2017
31-12 24th Avenue – 32 Units | 7 Stories | c. 2018
NEIGHBORHOOD INFO
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Astoria Park - Renovations
NYC Ferry - Astoria Route
Located along the East River waterfront, and framed by the Triborough and Hell Gate Bridges, Astoria Park is one of the premier parks in New York City. Featuring a running track, tennis courts, basketball courts, bocce, skate park, walking paths, lawn, and the largest pool in New York City
Astoria Park was recently granted $30 million for capital improvements to bring the park into the 21st
century
Premiering in August 2017, the new Astoria route of the East River NYC Ferry connects the neighborhood with hubs on Roosevelt Island, Long Island City, East 34th Street and Wall Street
This ferry expansion provides an additional transportation option to connect the Astoria waterfront to Manhattan and Brooklyn, as well as significantly faster commutes to both Midtown and the Financial District
____ ASTORIA ROUTE
23-61 31st Street
NEIGHBORHOOD INFO
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Brooklyn-Queens Connector (BQX)
Astoria Arts Scene
Proposed waterfront streetcar connecting Sunset Park, Brooklyn with Astoria, Queens
Stretching 17-miles and passing through 10 neighborhoods
Could break ground as early as 2019
Astoria features one of the most robust arts scenes in all of New York City
Home to Kaufman Astoria Studios, one of the premier film production facilities in the country, as well as the Noguchi Museum, Socrates Sculpture Park, and the Welling Court Mural Project, one of the largest outdoor art installations in New York
23-61 31st Street
NEIGHBORHOOD INFO
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Subway
LaGuardia Airport Redevelopment
With the opening of the new 2nd Avenue subway in Manhattan, the MTA has re-issued the W Line to supplement the N Line in Astoria
In addition, infrastructure upgrades are taking place to the N-W Line, which include structural repairs, revamped station entrances, improved mezzanines and train platforms, and modernizations such as USB ports, digital screens, and countdown clocks
Comprehensive redesign of LaGuardia Airport involves transforming LaGuardia into a unified airport with new terminals, better transportation access with a future air train, more taxiways and best-in-class passenger amenities
The $8 billion project broke ground in June 2016, and is estimated to be completed by 2021
23-61 31st Street
NEIGHBORHOOD INFO
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Mount Sinai Queens
Astoria – “Food Capital of the World”
Centered in the heart of Astoria, the new Mount Sinai Queens Hospital is a $175 million project featuring a cutting-edge 140,000 square foot facility, dedicated to the health and wellness of the local community
The expansion plan includes a new state-of-the-art emergency department, outpatient imaging center, and operating rooms, with continued infrastructure upgrades forthcoming
Astoria prides itself on its food and restaurant scene, with almost every single cuisine on earth found within its borders
Renowned for its Greek and Mediterranean fare, and supplemented by local staples such as the Bohemian Hall and Beer Garden, Taverna Kyclades, Milkflower, Trattoria L’incontro, The Bonnie, Astoria Coffee, Portalia, Il Bambino, Astoria Bier & Cheese, Brooklyn Bagel, New York City Bagel & Coffee House, Astoria Provisions, Ovelia, Bareburger, Watawa, Martha’s Country Bakery, Artopolis, etc
23-61 31st Street
Voyeur Real Estate is a full-service brokerage focusing on residential andcommercial sales and leasing in New York City. Located in Astoria, Queens,Voyeur leverages experience, emerging technologies and data analysis toprovide buyers, sellers, investors and developers a comprehensive platform tomaximize their market position. Fostering a culture of collaboration with thegreater real estate industry, Voyeur offers sales, design, and multi-channelmarketing strategies to ensure the finest service and results for our clients.
For more information, please contact:
Jeffrey P. HarrisPresident
(646) [email protected]
Voyeur Real Estate26-12 4th StreetAstoria, NY 11102(718) 705-7897
voyeurrealestate.com
