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$ 1,750,000
Est. payment /mo
Active
2337 31st AVE Long Island City, NY 11106
2,291 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 965832
Rental Info No
Year Built 1901
Annual Tax Amount $7,050
Lot Size 2,291 Sqft
Acres 0.0526
Property Sub-Type Duplex
Source onekey2
Property Description
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.
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.
Location
State NY
County Queens
Rooms
Basement See Remarks
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Other
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Others
Senior Community No
Special Listing Condition None
Listed by Halvatzis Realty Inc • Pavlos Milonakis
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