8-48 Astoria Blvd

• Development Potential: Falling within R6A zoning with a C2-3 commercial overlay, the site supports

16,300 buildable SF as of right (ZFA) or 21,190 buildable SF if utilizing City of Yes (UAP).

• Significant Frontage: The site boasts 223 feet of front and back street frontage – 114 feet on 12th Street

and 109’ on Astoria Boulevard – offering maximum light and air for efficient apartment layouts, multiple

entrances, etc.

• Delivered Vacant: Property will be delivered 100% vacant, offering a blank slate for development.

• Rare Development Opportunity: Corner development sites of this size in Astoria are increasingly scarce,

making this a standout acquisition for developers seeking a high-exposure, high-potential project.

• Transit-Rich Location: Just blocks from the Astoria Boulevard N/W subway station, offering direct access

to Midtown Manhattan. Easy connectivity to the Grand Central Parkway, Brooklyn-Queens Expressway,

and RFK Bridge.

• Neighborhood: Astoria remains one of NYC’s most stable and desirable submarkets, attracting residents

and investors alike with its strong retail corridors and ongoing development activity.

• Condo Sellout Rates: Based on current market conditions in Astoria, new construction condominiums

are achieving average sellout prices ranging from $950 to $1,150 per square foot, depending on design

and finish level.