2337 31st Avenue,Long Island City, NY 11106
Long Island City, NY 11106
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.
Details
| MLS # | 965832 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1901 |
| Days On Site | 177 |
| Listing Provided By | Halvatzis Realty Inc | Pavlos Milonakis |
Features
| SQ Feet | 2,108 |
|---|---|
| Basement | Y |
| Units | 2 |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Other |
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 77580 |
| Tax Annual Amount | 7050.72 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11106 |
| Listing VS Median (in 11106) | |
Price: $1,750,000 low | high Med: $1,100,000 sqft: 2,108 low | high Med: 2,938 $ / sqft: $830 low | high Med: $374 On site: 177 low | high Med: 99 | |
Market Activity 11106
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Long Island City |
| Zip Code | 11106 |
| Listing VS Median (in 11106) | |
Price: $1,750,000 low | high Med: $1,100,000 sqft: 2,108 low | high Med: 2,938 $ / sqft: $830 low | high Med: $374 On site: 177 low | high Med: 99 | |
