Compass is excited to be the exclusive broker for the sale of the development site at 19-24 22nd Road, located on the south side of 22nd Road between 19th Street and 21st Street, in Queens' Astoria neighborhood. Located just off the East River waterfront and Astoria Park, which is in the process of a $30+ million renovation to make it the most desirable park in NYC.
The property is an 806 square foot, one-story single-family building, featuring two bedrooms and one bathroom. Situated on a 20' x 112' lot, with R5B zoning, this site can be developed into a 3,086 square foot 2-family home, investment property, or a 2-unit condominium.
**Sale will include APPROVED PLANS and survey, and the property has already gone through the entitlement process.
Just 100 yards from both Astoria Park and 21st Street, one of Astorias main thoroughfares, 0.8 miles from the BQE and RFK/Triborough Bridge, and located 0.5 miles from the N-W subway station at Ditmars Blvd.
Strong demand for sales and rentals offers developers the opportunity to acquire an asset with considerable long-term upside as either a primary residence, rental property or condominium conversion in the coming years.