Eastern Consolidated Named Exclusive Agent to Market Astoria Development Site
NEW YORK, NY –– February 13, 2018 –– Eastern Consolidated is exclusively marketing a future development site at 31-05 31st Street on the northeast corner of 31st Street and Astoria Boulevard North in Astoria, Queens. The asking price is $10.5 million for the property, which offers a maximum zoning floor area of ±45,292 square feet and allows for multiple uses.
Ron Solarz, Executive Managing Director and Principal, is the exclusive broker for the offering, and Gary Meese, Senior Director, Financial Services, is the analyst.
“This property is in a tremendous location and presents an excellent opportunity for a developer or owner-user to acquire a development site that will work for many uses,” Solarz said. “The site’s flexible zoning allows for a mixed-use project that could include residential, hotel, entertainment, retail, commercial, and community facility uses.”
Located adjacent to the Astoria Boulevard Station for the N and W subway lines and comprised of three tax lots, the irregular assembled site features ±100 feet of frontage along 31st Street and ±156 feet of frontage along Astoria Boulevard North, which runs adjacent to I-278 Brooklyn-Queens Expressway/ Robert F. Kennedy (Tri-borough Bridge).
Multiple curb cuts along both property frontages will enable a developer to design a project that takes advantage of site egress and access to Astoria Boulevard Station, which has an annual ridership of 4 million commuters and generates significant foot traffic throughout the day.
The property will be sold subject to the existing lease for the Neptune Diner, a standalone restaurant with on-site parking.
Powered by a highly skilled team of over 100 brokers with a fluency in 15 languages, Eastern Consolidated is one of the country’s preeminent full-service commercial real estate firms. Through three core divisions—Investment Sales, Capital Advisory, and Retail Leasing—Eastern Consolidated serves an impressive roster of international and domestic institutional and private investors on real estate transactions of all sizes and across all property types. For more information, visit www.easternconsolidated.com and follow us on Twitter@EasternConsol.
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