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30-88 Crescent Street
Long Island City NY 11102 US

$9,750,000

Active Listing ID 3531103
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12 bed
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Lot: 0.26 Acres

$9,750,000

Active Listing ID 3531103
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30-88 Crescent Street 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.

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Property Features

  • Facts
  • Lot Size: 0.26 Acres
  • Property Type: Residential Multi Family
  • Features
  • Cooling System: Window Unit(s) A/C
  • Exterior Finish: Fencing
  • Heating Fuels: Hot Water

School Information

  • School
  • Albert Shanker Sch-Visual/Perf Arts(MiddleSchool)
  • Frank Sinatra School Of The Arts Hs(HighSchool)

Property

  • propertytype: Residential Multi Family
  • listprice: 9750000
  • unparsedaddress: 30-88 Crescent Street
  • postalcity: Long Island City
  • stateorprovince: NY
  • country: US
  • postalcode: 11102
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.26
  • lotsizeunits: Acres
  • lotsizearea: 0.26
  • livingarea: 5508
  • livingareaunits: Square Feet
  • latitude: 40.766465
  • longitude: -73.926637
  • listagentfullname: Robert Napolitano
  • listagentemail: robert@caprijetrealty.com
  • listagentkey: 3yd-MLSLINY-194433
  • listagentmlsid: 194433
  • listagentpreferredphone: 7183882188
  • listagentofficephone: 7183882188
  • listofficekey: 3yd-MLSLINY-CPRI01
  • listofficemlsid: CPRI01
  • disclaimer: Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1940
  • listingcontractdate: 2024-02-12
  • listagenturl: https://caprijetrealty.com/
  • countyorparish: Queens
  • parcelnumber: 00570-0052
  • highschool: Frank Sinatra School Of The Arts Hs
  • elementaryschooldistrict: Queens 30
  • middleorjuniorschooldistrict: Queens 30
  • highschooldistrict: Queens 30
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Frame
  • heating: Hot Water
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: On Street
  • waterfrontyn: False
  • exteriorfeatures: Fencing
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -73.926637, 40.766465
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3088-Crescent-St_Long-Island-City_NY_11102_M40642-14256?f=listhub&s=MLSLINY&m=3531103&c=rexren", "LeadRoutingEmail":"robert@caprijetrealty.com", "BrokerName":"Capri Jet Realty Corp.", "ListingTitle":"Two Story, Multi Family - Long Island City, NY", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"robert@caprijetrealty.com", "ListOfficeAddress1":"533 Metropolitan Ave", "ListOfficeAddress2":null, "ListOfficeCity":"Brooklyn", "ListOfficePostalCode":"11211", "ListOfficeStateOrProvince":"NY", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Capri Jet Realty Corp.", "ListBrokeragePhone":"(347) 450-3577", "ListBrokerageEmail":"robert@caprijetrealty.com", "ListBrokerageWebsiteUrl":"https://caprijetrealty.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"533 Metropolitan Ave", "ListBrokerageUnitNumber":"Capri Jet Realty", "ListBrokerageCity":"Brooklyn", "ListBrokerageStateOrProvince":"NY", "ListBrokeragePostalCode":"11211", "ListBrokerageCountry":"US", "RoomCount":18, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-16T21:53:45Z", "Taxes":[{"TaxYear":null, "TaxAnnualAmount":20340, "TaxDescription":null}]}
Listing Changed: 4/17/2024 3:48:43 AM GMT
Source Updated Date: 4/28/2024 6:53:11 AM GMT

Courtesy of: Robert Napolitano, Capri Jet Realty Corp, robert@caprijetrealty.com

Copyright © 2024 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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