Court Approved Bankruptcy Auction - 05/02/24

12th Street & Astoria BoulevardLandair Property Advisors (“Landair”), has been appointed as the exclusive broker to manage a court approved bankruptcy auction for 8-48 Astoria Boulevard, Astoria, NY 11102 – Block 513, Lots 2, 3, 4 (“the Property”). The property comprises a (3) lot site spanning a total of 5,674 Sq. Ft., with lot dimensions measuring 114' x 72’ (Irregular). The property, zoned R6A, C2-3, permits the construction of a 17,022 Sq. Ft. residential building. Conveniently located 0.7 miles from the Astoria Boulevard subway stop, providing access to the (N) and (W) trains for a 25-minute commute to Manhattan. Additionally, the Astoria Ferry Stop is situated 0.3 miles away in Halletts Point. The property will be delivered vacant at closing. Key attributes of this property include its wide lot (114' feet), conducive to efficient floorplate design. The lots are block through, reducing complications from access agreements. The property will be delivered vacant and predominantly demolished, offering a clean slate for development. Its proximity to transportation options, such as the subway and ferry, adds to its appeal. The surrounding market is characterized by strong demand and limited supply in both rental and condo. Please contact listing agent for the Due Diligence Package and Bidding Procedures. BID DEADLINE: 04/26/24 AUCTION DATE: 05/02/24 MINIMUM BID: $3,000,000