CORNER 7-UNIT DEVELOPMENT SITE | SELLER FINANCING AVAILABLE
2,651 Sq. Ft. Lot | R6B Zoning | 5,302 BSF As-Of-Right
Marketing description
The property at 31-15 14th Street offers a prime development opportunity in Astoria, one of Queens’ strongest rental markets. The 2,651 SF corner lot is zoned R6B, allowing approximately 5,302 buildable SF as-of-right, and is currently improved with a vacant warehouse.
The site supports the development of a 7-unit residential building, with 100% lot coverage and strong design efficiency. Located directly across from Astoria Health Park and 0.6 miles from the N/W subway, the property benefits from open views, excellent transit access, and proximity to neighborhood amenities.
Investment highlights
➢ 2,651 Sq. Ft. Lot Zoned R6B. 5,302 Buildable Sq. Ft. As-of-Right.
➢ Allows For the Construction of a (7) Unit Residential Building.
➢ Situated on a Corner Lot, Allowing for 100% Lot Coverage.
➢ Facing Astoria Health Park, a Valuable Amenity to the Local Area.
➢ Located .6 Miles from the Broadway / 31st Avenue N/W Subway Stop.
➢ Below-Market Seller Financing Provides Attractive Alternative to Acquisition Debt.
➢ Nearby Condos Selling for ~$1,194/SF on Average.
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