25-14 Crescent Street, Astoria, NY, 11102 New York City NY US

25-14 Crescent Street is a mid-block development site measuring 25' x 200' in Astoria, NY. The lot has 25' feet of frontage on Crescent Street. The property is located .3 miles from the Astoria Boulevard 31st Street Subway Stop. The zoning is R5D, and the floor area ratio is 2, allowing for a total residential buildable square footage of 10,004 sq. ft. Currently the property is built as (2) apartments, a 3Br and a 1Br, measuring a total of approximately 1,836 Sq. Ft. The gross monthly income is $5,125. The property can be delivered vacant at closing. The property can be built into a 10,004 sq. ft. building with (13) apartments (MAX), presenting a fantastic investment opportunity for those seeking to build a condo or rental building. New development condo sales in the area average $1,151 per square foot (see pg. 5). Meanwhile, rentals average $65 per square foot per year. The property presents the a fantastic opportunity to profit from the substansial growth that has been experienced in this prime pocket of New York City. Showings by appointment only. Find out more about this property. Request details here