Triplex In Astoria

PRIME ASTORIA DEVELOPMENT OPPORTUNITY – R7B / C2-3 ZONING Excellent opportunity for builders, developers and investors in a highly desirable Astoria location surrounded by new luxury residential development. Existing 3-story mixed-use property consists of 6 residential units plus 1 commercial storefront. Five residential units and the commercial space are currently vacant, with the remaining apartment to be delivered vacant, allowing the property to be delivered completely vacant. 2,762 SF lot with approximately 8,286 buildable residential SF at 3.0 FAR, with potential for approximately 10,772 SF at 3.9 FAR utilizing qualifying affordable housing provisions. Ideal for ground-up redevelopment or for an investor seeking to renovate and reposition the existing property. Zoning: R7B / C2-3. Convenient Astoria location approximately 7 minutes from the Astoria Blvd N/W subway station. All zoning, FAR, buildable square footage and development potential must be independently verified by purchaser and architect.