RIPCO REAL ESTATE has been retained on an exclusive basis to market 31-05 Astoria Boulevard, Astoria, NY 11102 (the “Property”).
The property is an assemblage of three adjacent tax lots that combined equal to ~10,061 square feet. Ownership has filed plans with DOB and met compliance for the 421a tax abatement, a rare benefit in today’s marketplace. This allows a developer to reap the benefits of extraordinary tax savings.
The location of the Property sits at one of the busiest intersections in Astoria - 31st Street and Astoria Boulevard, creating a commuter’s dream. This particular location is one of the most visible and highest traffic locations in the outer boroughs as it is the transition point between the Grand Central Parkway and the RFK Bridge. In addition to easy access to the Grand Central Parkway and RFK Bridge, the Property also lies at the base of the Astoria Blvd subway station which is serviced by the N & W trains providing a short subway ride to Midtown Manhattan. LaGuardia Airport is located within approximately seven minutes from the Property via I-278W and the Grand Central Parkway.
In addition to numerous commuting options, future residents will have the best of Astoria at their fingertips. Astoria offers rich and cultural history and local charm with world class restaurants, vibrant night life, and nearby recreation including Astoria Park, home to the oldest and largest pool in the city.
For more information about this opportunity or to arrange a property inspection, please contact the exclusive brokers.