28-08 & 28-10 21st Street will provide a developer with the chance to build a unique mixed-use building in the heart of thriving Astoria, NY. The properties consist of (2) 25′ x 100′ lots zoned R7A, C2-3, IH area. The lot’s location within a Inclusionary Housing Area allows for a 23,000 Sq. Ft. mixed-use, mixed-income building, or a 17,250 Sq. Ft. mixed-use, market-rate building. The lots are situated .5 miles from the N/W Subway Station, and .4 miles from the Astoria Cover ferry stop. Both lots are delivered fully vacant. The Astoria market, over the past 10 years has seen tremendous rent and condo price growth due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. As a result, rents have surpassed $50/Sq. Ft., whiles condo sales have surpassed $1,000/ Sq. Ft.
