14-35 BROADWAY

For Sale - Queens - Astoria

$3,125,000

Net Operating Income: Contact Agent

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Key Details

Property Type
Land
Neighborhood
Astoria
Property Dimensions
0.0 x 0.0
Property Area
0 sq.ft.
Total Units:
N/A
Stories:
N/A
NOI
Contact Agent
Price
$3,125,000

Listing Description

Using the new affordable NY program, this shovel ready site is best suited to use the 421-A abatement option C, allowing and investor to a 35 year tax abatement with 30% of the units at 130% AMI. Approved plans call for an 8-story elevator building consisting of 13,520 SF and 15 one-bedroom apartments. The AMI breakdown is as follows: 25% of the units must be affordable: at least 10% at up to 40% of AMI, 10% at up to 60% of AMI, and 5% at up to 130% of AMI.

Property Details

Block/Lot:
531/11
Lot Dimensions
25.0 x 136.92
Lot Area
3,423 sq.ft
Max FAR:
4
Dylan WalshNew York Multifamily
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Sales & Transactions

AddressSale PriceSale DateProperty Type
23-67 31ST STREET$900,00012/18/2015Land
30-65 31ST STREET$672,00009/02/2015Land
20TH AVENUE$13,900,00004/08/2015Land