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$1,719,375
List Price: $1,750,000
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2337 31st Avenue
House in Astoria •  building info
studio • 2,290ft² $764 per ft²
Buy with Yoreevo

$1,719,375

List Price

$1,750,000

Key Details
Listed today
Last price change
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Estimated payment
$10,031/mo
Taxes
$588/mo
Maintenance
N/A
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.

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Building amenities
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Building info

History
What it'll cost
Purchase price
$1,750,000
Asking Price: $1,750,000
Term
30 Years
Down Payment
$175,000 (10%)
Min: 10% (175,000)
Rate
6.0 %
Mortgage Amount
$1,575,000
Mortgage Payment
$9,443
Taxes
$588
Estimated Yoreevo rebate
$30,625
Estimated closing cost
$62,000
Total monthly cost $10,031
Buy your dream home with us and get an estimated $30,625 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Halvatzis Realty Inc

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