Astoria, NY 11102 3088 & 3090 Crescent Street

23,638 BSF Development Opportunity in Prime Astoria!Capri Jet Realty has been retained on an exclusive basis to handle the disposition of 3088 & 3090 Crescent St, a 23,638 Sq. Ft. development site in the diverse, high-density, established neighborhood of Astoria. The property boasts a R6A zoning, allowing for an “as-of-right” 23,638 Sq. Ft. residential building with (35) units proposed. Using affordable housing, the site allows for 30,642 Sq. Ft. residential building with (45) units proposed.The offering consists of 2 adjacent lots: – Lots: 52 & 53 – Block: 570 – Zoning: R6A – Lot Dimensions: 36.59 x 231.72 (Irreg. approx.)The site is located 3 blocks from the 30th Ave N/W subway stop. The property is also located in between the Hallett’s point megadevelopment and the N/W train station which takes you into Manhattan in under 20 mins. Astoria has seen tremendous growth in both rental (above $60 PSF) and condo pricing (above $1,200 PSF) due to its convenient transportation options, thriving restaurant & bar scene, diverse demographics, and proximity to Manhattan. There are various employment opportunities in the area including a Mount Sinai Hospital expansion as well as the DeNiro/Wildflower studio joint venture being built in Astoria-Ditmars. Long Island City, 4 subway stops away, is home to various fortune 500 company HQs. The property benefits from proximity to multiple high-traffic areas including: Astoria Blvd, 21st St, Broadway, and 30th Ave, 31st St and Ditmars Blvd. This property represents a perfect opportunity for a developer to take advantage of Astoria’s fast growth and popular nightlife. All air rights are intact.Key Points: – 23,638 Buildable Sq. Ft. As of Right (35) Units – 30,642 Buildable Sq. Ft As of Right (45) Units w/ Affordable Housing – Strong Retail Corridor Between Hallet’s Point Megadevelopment and N/W Stop. – Strong Growth in Condo and Rental Prices. Close to Nightlife and transportation.Unique Development Opportunity! Zoning Analysis is Available!*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.