30-88 Crescent Street, Long Island City, NY
$ 9,750,000
Property Attributes
  • MLS#3531103
  • TypeMulti-Family
  • CountyQUEENS
  • CityLong Island City
  • Zip11102
  • StyleTwo Story
  • Year Built1940
  • Taxes$ 20340
  • Price$ 9,750,000
  • Bedrooms12
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5508
  • Lot Size0.26 Acres
Data Source:
OneKey® MLS
Property Description

30,864 BSF Development Opportunity in Prime Astoria! These 3 adjacent properties are a development site in the diverse, high-density, established neighborhood of Astoria. The properties boasts a R6A, R6B zoning, allowing for an "as-of-right" 30,864 Sq. Ft. residential building with (46) units (proposed). The offering consists of 3 adjacent lots: - Lots: 51, 52, 53 - Block: 570 - Zoning: 86% of lot in R6A; 14% in R6B, allowing for 2.8 FAR - Lot Dimensions: 51.5 x 231.72 (Irreg. approx.) The site is located 3 blocks from the 30th Avenue N/W subway stop. The property is also located in between the Hallett's point megadevelopment and the N/W train station which takes you into Manhattan in under 20 minutes. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from close proximity to multiple high-traffic areas including: Astoria Boulevard, 21st Street, Broadway, and 30th Avenue, 31st Street and Ditmars Boulevard. This property represents a perfect opportunity for a developer to take advantage of Astoria's fast growth and popular nightlife. All air rights are intact. Key Points: - 30,864 Buildable Sq. Ft. As of Right. (46) Units - Strong Retail Corridor Between Hallet's Point Megadevelopment and N/W Stop. - Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation. Unique Development Opportunity! Zoning Analysis is Available! *Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.

Middle School High School
Albert Shanker Sch-Visual/Perf Arts Middle School Frank Sinatra School Of The Arts Hs
Price History
2/12/2024 Listed $9,750,000

General Features

Architectural Style Two Story
High School Frank Sinatra School Of The Arts Hs
High School District Queens 30
Middle/Junior High School Albert Shanker Sch-Visual/Perf Arts
Middle/Junior School District Queens 30
Elementary School District Queens 30

Interior Features

Basement Finished,Full


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 11102

AVG $2.31M
AVG $12,798
AVG 194
Data Provided by Inside Real Estate®
Year Built
AVG 1935

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