2337 31st Avenue, Long Island City, NY 11106 (MLS # 965832)

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PRICE $1,750,000 BEDS 0 BATHS 0 HOME SIZE 2,108 sqft LOT SIZE 2,292 sqft Request More Info Schedule a Showing

R6A Development Site with Condo Upside Prime Astoria R6A Development Opportunity - 25' Wide Lot Exceptional opportunity to acquire a 25' x 91 (approx. 2,293 sq ft) parcel in the heart of Astoria, zoned R6A and offering approximately 6,800-6,900 buildable square feet (as-of-right residential FAR 3.0). This property is being marketed primarily for land value and redevelopment potential. The R6A zoning supports a mid-rise residential building under Quality Housing regulations, making it an ideal canvas for a builder seeking to capitalize on Astoria's continued residential demand. With approximately 6,800+ buildable square feet, the site presents multiple strategic paths: "¢ Develop a boutique multi-family rental asset "¢ Construct a high-end condominium project "¢ Build a limited, luxury boutique condo product with strong sellout potential "¢ Long-term hold with future appreciation upside Astoria continues to demonstrate strong buyer demand for new residential inventory, particularly boutique condominium buildings near transit and vibrant retail corridors. The lot's 25-foot frontage allows for efficient floor plates and practical unit layouts "” a key advantage for condo developers focused on maximizing sellable square footage. Highlights: "¢ 25' wide lot frontage "¢ Approx. 2,293 sq ft lot area "¢ Zoned R6A "¢ Approx. 6,800-6,900 buildable SF (as-of-right) "¢ ~70 ft allowable height (subject to Quality Housing regulations) "¢ Ideal for rental or condominium development "¢ Existing structure conveyed as-is This is a strategic acquisition opportunity for a builder or investor seeking both immediate land control and long-term condo upside in one of Queens' most resilient residential markets.