9-06 27th Avenue, Astoria, NY 11102

The property at 9-06 27th Avenue, Astoria, NY 11102, offers a prime development opportunity in one of Queens' most desirable submarkets. The 6,624 Sq. Ft. lot includes a 2,300 Sq. Ft. residential building, which is currently vacant. The property's lot dimensions are 48' x 138' & it is situated on a corner lot. Zoned R6, the property allows for the construction of a 25,834 Sq. Ft. residential building utilizing the UAP program or a 14,572 Sq. Ft. building for 100% market-rate apartments. The surrounding area features numerous new developments, highlighting the strong demand in the neighborhood. Astoria's growing appeal includes projected condo sellouts exceeding $1,000 per Sq. Ft. and rental pricing at approximately $65 per Sq. Ft. This property represents a valuable opportunity for investors seeking to capitalize on a thriving market with high residential demand.