Prime Astoria Redevelopment Opportunity This 2,532 SF Three Family home with a 1,200 SF garden sits on a 3,350 SF lot in Astoria's most coveted location. At $175 per buildable SF and 8,858 remaining buildable square feet this property is an excellent candidate for a Condo development with ground floor commercial. The allowable usable floor area is 11,390 SF. The Max FAR is 3.40. As built the property is currently at 0.76 FAR. Currently the three existing residential units are all rented out on month-to-month leases. Current Annual Rent Roll is: $79,200. The property can be delivered with tenants or vacant. Prime location between the N&W Astoria Blvd and 30th Avenue Subway stops.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
