Jan. 15, 2015 Staff Report
A mammoth parking lot located just one block from the Broadway subway station has sold and plans are in the works to build a large residential building.
The property, located at 31-52 31st Street, was bought for $17.35 million by “Astoria 31st Street Developers LLC,” according to city real estate filings yesterday.
The parcel, which is a massive 26,000 square feet, has been a parking lot for years.
The developer plans on building a seven-story, 114-unit building that spans 102,060 square feet, according to plans filed with the Department of Buildings.
There will be 78,144 square feet of residential space, 19,761 square feet of commercial space, and 4,155 square feet for a community facility.
The DOB is reviewing the application and has not issued building permits yet.
4 Comments
I’m concerned about all the parking space lost for some commercial, residential and zipcar vehicles. Parking is going to be a lot worse.
I wonder why its taken this long! Its no surprise really but just another step towards making Astoria less and less affordable for us “working class” folk. My wife and I live in a rent stabilized apt. and if we didn’t we could not afford the rents that this bldg. is now charging for the same apt. and in all honesty its all just real estate getting richer and richer. I have SS and my wife still works so we can get by even with our rent as is.
THE CITY OF THE RICH!
Perhaps you haven’t realized it but it is 2015. Rents go up because everything is going up. Maintenance, repairs, taxes, electric, heat, etc have all gone up and so should the rent. I am sure your wife’s salary has gone up! So why shouldn’t the rent? Be thankful you have a handout (rent stabilization) and stop complaining. Wait, Here’s a thought. You could always move somewhere else that you actually can afford. Your wife may have to commute a little longer to work but isn’t that what everyone does.
well said. someone didn’t give the city the memo that it should be affordable here (water and property taxes up 5-15% in last year), but magically rents should remain low.