The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

28-19 29th Street

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Astorias value is often defined by one address: 30th Avenue and this offering sits squarely within that prime corridor. With R6A zoning , the property presents a compelling opportunity for a contextual, high-quality residential development in one of Queens strongest condo markets. The zoning allows for a Base FAR of 3.00 , translating to approximately 15,000 buildable square feet . Through the Inclusionary Housing Program , the FAR increases to 3.60 , allowing up to 18,000 buildable square feet , materially enhancing project yield and overall return. Surrounded by Astorias acclaimed dining scene, convenient retail, and vibrant street life, the site is just moments from the elevated N train at 30th Avenue , offering a seamless commute to Manhattan and connectivity across NYC. Proximity to Mount Sinai Queens Hospital further strengthens end-user demand, particularly among medical professionals seeking quality housing within walking distance of work. Property, Zoning & Development Highlights A rare Astoria development site where zoning efficiency, transit access, and neighborhood prestige alignpositioned for strong sell-through and premium pricing along the 30th Avenue corridor.



Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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