3310 28th Ave - Restaurant FOR SALE


Astoria, NY 11103
$2,400,000 USD
925-285-3075
3310 28th Ave, Astoria, NY for Sale
$2,400,000 USD
Restaurant - FOR SALE
1/9
null | Request Cap Rate

3310 28th Ave
Astoria, NY 11103


HIGHLIGHTS

  • 8,100 Buildable SF of Residential
  • 27+ ft Wide Lot
  • Day one cash flow with early termination clauses in all leases

OVERVIEW

Unlock the potential of 33-10 28th Ave, an exceptional development site located in the heart of Astoria. This 2,700 sq. ft. lot (27.17 ft x 100 ft) features a two-story mixed-use building, spanning approximately 1,800 sq. ft., with current leases on a month-to-month basis or including early termination no-buyout clauses, allowing for maximum flexibility. With its R6A zoning and a favorable floor area ratio (FAR), the site offers a unique opportunity to develop a residential buildable area of up to 8,100 sq. ft. under as-of-right allowances. This property is ideally suited for residential or community facility development, providing flexibility for investors or developers seeking to capitalize on the thriving Astoria market. Strategically positioned with excellent visibility and accessibility, 33-10 28th Ave is just steps away from public transportation, including the N & W subway lines and multiple bus routes. This prime location ensures convenience and connectivity, enhancing the value of any future development. Don’t miss this rare chance to bring your vision to life in one of New York City’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$889 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cash Flowing Development Site For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,717 SF

ZONING

R6A

APN/PARCEL ID

00627-0021

ASK ABOUT THIS PROPERTY

Faisal GilaniNY Space FindersMore Info
925-285-3075

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Faisal GilaniNY Space FindersMore Info
925-285-3075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.