The Real Deal New York

Developer snags Astoria car lot, 114-unit resi building planned

Site at 31-51 31st Street goes for $17M
January 15, 2015 03:10PM

An Astoria site slated for a 114-unit, seven-story residential development traded hands for $17.4 million.

Astoria 31st Street Developers LLC picked up the 26,000-square-foot site at 31-51 31st Street. Permits filed with the city in September revealed plans for a 102,060-square-foot building. That total will include 78,144 square feet of residential space, 19,761 square feet of commercial space and 4,155 square feet designated as a community facility, Brownstoner reported.

The architect of record is SLCE.

In November, the City Council granted final approval to Alma Realty for its Astoria Cove mixed-use development in the neighborhood, which will house 1,700 residential units. [Brownstoner] — Tess Hofmann