25-34 31st St - Apartments FOR SALE


Astoria, NY 11102- Downtown Astoria
$12,500,000 USD
516-509-5476
25-34 31st St, Astoria, NY for Sale
$12,500,000 USD
Apartments - FOR SALE
1/29
null | 4.48% Cap Rate

25-34 31st St
Astoria, NY 11102
Downtown Astoria


HIGHLIGHTS

  • 421A Tax abatement until 2031
  • laundry facility
  • City views from the roof
  • 8 underground parking spots
  • Elevator

OVERVIEW

This prime investment opportunity in Astoria presents an excellent investment opportunity with its mix of residential and commercial spaces. Key features include a 421A Tax Abatement until 2032, 8 underground parking spaces, and a dynamic mix of 16 residential units and 1 commercial space spread across 7 floors. With modern architecture, luxurious amenities, and a convenient location in the heart of Astoria, this property offers both investors and residents an exceptional opportunity for long-term financial gain and comfortable living. Investors can capitalize on the property's prime positioning and attractive features to maximize returns and diversify their investment portfolio. Property can be sold with 37-10 31st Ave & 28-34 38th St. Full Set Up Attached.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$850 USD /SF

# OF UNITS

16

PRICE/UNIT

$781,250

CAP RATE

4.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2016

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C4-3

APN/PARCEL ID

00598-0038

ASK ABOUT THIS PROPERTY

Dominique FlorioSERHANT.More Info
516-509-5476

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Dominique FlorioSERHANT.More Info
516-509-5476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.