Excellent opportunity at $200 per buildable SF, this 2,532 SF three-family home with a 1,200 SF garden sits on a 3,350 SF lot in Astoria's most prime location. This is a fantastic redevelopment or cash flowing opportunity. Zoned for Residential & Commercial. The Max FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390 SF making this a prime spot for a 7-story property with ground floor commercial.
Currently the three existing residential units are all rented out on month-to-month leases. Current Annual Rent Roll is: $79,200. The property can be delivered with tenants or vacant. Located one block from both the N&W Astoria Blvd and 30th Avenue Subway stops.