2834 38th St - Storefront Retail/Residential FOR SALE


Astoria, NY 11103- Downtown Astoria
$4,600,000 USD
516-509-5476
2834 38th St, Astoria, NY for Sale
$4,600,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | 6.51% Cap Rate

2834 38th St
Astoria, NY 11103
Downtown Astoria


HIGHLIGHTS

  • 421A Tax Abatement until 2027
  • Elevator
  • Laundry facility with direct apartment chutes.
  • ductless ac

OVERVIEW

This property in Astoria presents an excellent investment opportunity with its mix of residential and commercial spaces. Key features include a 421A Tax Abatement until 2027, and a dynamic mix of 8 residential units and 1 commercial space spread across 5 floors. With modern architecture, 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. Can be sold with 25-34 31st St, Astoria & 37-10 31st Ave, Astoria. Full set up attached.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$1,533 USD /SF

CAP RATE

6.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5B

APN/PARCEL ID

00661-0034

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.