FOR BREAKING NEWS VISIT WWW.QNS.COM DECEMBER 20, 2018 • THE QUEENS COURIER 11
Mixed-use building with 23 apts. may soon rise on Astoria site
BY ROBERT POZARYCKI
rpozarycki@qns.com
@robbpoz
Work may soon begin on a new mixeduse
building set to rise along one of
Astoria’s busiest streets.
Cushman & Wakefi eld announced on
Dec. 18 that it had completed the sale of
25-79 31st St. for $4.6 million from seller
31st Street South LLC to buyer Joseph
Grgas. Plans are already in place to redevelop
the property, which has 19,175
buildable square feet, into a seven-story
structure with 23 apartments.
“Th is is a rare opportunity to capitalize
on the growing demand for new construction
residential space in the Astoria
and Long Island City area,” said Stephen
Preuss of Cushman & Wakefi eld, who handled
the lucrative transaction. “Th e buyer
has acquired an exceptional opportunity to
develop in an expanding neighborhood.”
Th e development plan was submitted
to the Department of Buildings in
April 2017 and approved on Nov. 28
of this year, according to the agency’s
online database. Th e seven-story building
includes a commercial/community facility
on the ground fl oor and 23 residential
units above it. Th e apartments include
11 one-bedroom units and two two-bedroom
units; another 10 units will have 1
1/2 bedrooms.
Th e plans also call for an off -street parking
garage in the cellar, a sky deck on the
roof, a gym and a bike storage area. Each
apartment will also have a private outdoor
space.
Th e elevated N/W train lines run along
31st Street, and the site itself is located
within walking distance of the 30th
Avenue and Astoria Boulevard stations,
Cushman & Wakefi eld noted. It’s also
a short walk from Mount Sinai Queens
Hospital, Athens Square Park and numerous
popular restaurants along 30th
Avenue.
Photo courtesy of Cushman & Wakefi eld
The development site at 25-79 31st St. in Astoria is signifi ed with the star and arrow in the above photo.
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