Mixed-use Property for Sale at 28-07 23rd Avenue Astoria

For Sale: 28-07 23rd Ave, Astoria, NY – Prime Mixed-Use Opportunity (28-09 23rd Ave is also for sale)

Open house this Saturday (3/14) at 12 to 2pm

Positioned on one of Astoria’s most sought-after streets, 28-07 23rd Avenue presents a rare value-add opportunity in the heart of the Astoria–Ditmars neighborhood. This legal one-family property with a ground-floor store offers immediate income potential and exceptional long-term upside.

Currently built at approximately 2,160 square feet (1,080 sq ft residential + 1,080 sq ft commercial), the property sits on a 20 x 100 lot with R5D zoning, allowing up to 4,000 buildable square feet. For investors and developers, this opens the door to significant expansion potential in a high-demand location.

Property Highlights:
• Legal 1-Family with 1 Store
• One 3-Bedroom / 1-Bath Apartment
• Approx. 2,160 Sq Ft Existing
• 2 car garage
• 500 Sq Ft Basement
• Lot Size: 20 x 100
• Gas-Powered Heat
• Property Taxes: Approx. $7,400 Annually
• Zoning: R5D (Up to 4,000 Buildable Sq Ft)

This offering becomes even more compelling as the seller is seeking to sell 28-07 and 28-09 23rd Avenue together—creating a powerful assemblage opportunity with massive combined buildable potential. For investors looking to maximize FAR and capitalize on scale, this is a strategic acquisition in one of Queens’ strongest rental and retail markets.

Located just two blocks from the N/W train line, 23rd Avenue remains one of Astoria’s most desirable streets, known for its vibrant mix of restaurants, cafés, bars, and specialty markets that consistently attract both local residents and visitors. The steady foot traffic and neighborhood demand further enhance the long-term value of this mixed-use asset.

Opportunities to acquire side-by-side properties with substantial development upside on 23rd Avenue are extremely limited. Secure your position in one of Astoria’s most dynamic.