Photo: EPIC Commercial Realty
An Astoria development site at 30-11 12th Street is on the market with an asking price of $8 million.
Located on the northeast corner of 12th Street and 30th Avenue, the vacant three-story building has 34,700 square feet of development rights. The site comes with proposed plans for a five-story, 38-unit apartment building with underground parking; the development would hold 24 one-bedrooms, 13 two-bedrooms and one studio, along with 51 parking spaces.
The property was formerly home to Horstmann Mix & Cream, which manufactures dry ice cream mix. It’s within a half mile of Alma Realty’s hefty 34-46 Vernon Boulevard on the waterfront. The project has been in the works since 2010; originally, the developer had planned two 20-story residential towers, and permits for excavation work were issued last summer. In September, Brownstoner spotted a new building permit calling for an updated job application for an 18-story build with 232 units. The most recent round of permits, issued in November, indicates that the development will consist of 336 units spread over two 17-story towers.
Alma Realty is most well known for the in-progress 1,723-unit Astoria Cove development, which will have 345 apartments for low-income households and 700 residences for moderate-income households, The Real Deal reported.
Also on the market in the neighborhood are 2361 and 2367 31st Street, asking $3.6 million. Located between 24th Avenue and 23rd Road, the two properties are separated by a building and can be purchased as a package. Each property has 7,650 square feet of development rights; 2361 31st Street is a vacant two-family home, while 2367 31st Street is a vacant lot with approved plans for a six-story, mixed-use elevator building. The development would have ground-floor retail, eight one-bedroom units and one two-bedroom apartment.
EPIC Commercial Realty is marketing both the 12th Street and 31st Street sites.