Astoria waterfront property sells for $57M

Astoria’s waterfront may get even more crowded.

Real estate investor and developer Shibber Khan bought a plot of land at 11-12 30th Dr., which has up to 460,000 buildable square feet, for $57 million, according to a published report. Vernon Realty Associates is the seller.

Currently, a one-story warehouse occupied by Bohea Associates sits on the land, but the property can have residential buildings of up to 10 stories, Crain’s reported.

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The sale comes as a team of developers led by Alma Realty is trying to get approvals from the city for its Astoria Cove project and the Durst Organization paid $100 million to take over the Hallets Point development.

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