28-50 31st Street, Astoria, NY for sale

Investment Overview

Located within one of Astoria's most active commercial corridors, the property benefits from neighborhood visibility and convenient access to public transportation. The site is situated just steps from the N and W subway lines, providing connectivity throughout Queens and Manhattan. The surrounding corridor is characterized by a concentration of restaurants, retailers, and neighborhood-serving businesses that contribute to consistent pedestrian activity and local consumer demand. In addition to its existing operational infrastructure, the property offers long-term redevelopment potential through its C4-4A zoning designation and stated buildable area. The combination of an existing hospitality configuration, transit accessibility, corridor exposure, and future development capacity creates flexibility for investors, owner-users, and hospitality operators seeking a presence in Astoria. Whether continued as a restaurant asset or evaluated for future redevelopment strategies, the property offers a blend of current utility and future optionality within a well-established Queens location.

Investment Highlights

• Existing restaurant and hospitality build-out
• Dining, bar, service and customer areas
• Full legal cellar kitchen
• Two-story building with legal cellar
• High-visibility 31st Street frontage
• Steps from the N and W subway
• Primary Astoria retail corridor
• Long-term development potential