Real Estate Weekly
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Deals & Dealmakers Residential

Astoria site hits market

Massey Knakal Realty Services has been retained on an exclusive basis to sell a development site at 30-55 Vernon Boulevard.

30-55 BOULEVARD
30-55 VERNON BOULEVARD

The property is located between 30th Road and 30th Drive in the Astoria neighborhood of Queens. Ownership is requesting proposals.

The development site consists of four tax lots which combine for approximately 140,665 buildable square feet on a 37,116 square foot irregular lot. It currently holds a commercial structure, measuring approximately 24,000 square feet. There are preliminary plans for approximately 220,000 buildable square feet with a rezoning.

Situated among several planned and recently completed developments on the Astoria waterfront, the site’s prime location makes an excellent opportunity for a developer looking to capitalize on the explosive growth of the neighborhood, according to Stephen Preuss, the Massey Knakal broker whos is handling the marekting of the site.

“This area is quickly emerging and the site holds immediate value with its waterfront location along with the benefit of several local mega-projects underway,” said Preuss, who is exclusively marketing the property with David Chkheidze, who called it “an opportunity to build a mixed-use property in the vibrant neighborhood of Long Island City.”

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