2850 31st St - Restaurant FOR SALE


Astoria, NY 11102- Downtown Astoria
$2,800,000 USD
516-205-0814
2850 31st St, Astoria, NY for Sale
$2,800,000 USD
Restaurant - FOR SALE
1/13
null | Request Cap Rate

2850 31st St
Astoria, NY 11102
Downtown Astoria


HIGHLIGHTS

  • Fully leased retail asset with food and beverage build-out.
  • Little management responsibility, limited to roof and structural repairs and insurance.
  • Located on a bustling retail corridor, just off 30th Avenue subway station.

OVERVIEW

Lee & Associates NYC is pleased to present exclusively for sale the retail building located at 28-50 31st Street, Astoria, New York 11102 (the “Property”). Spanning approximately 2,000 square feet on the ground (retractable roof in the rear), with a 1,200 square foot cellar and 1,200 square foot second floor, the Property is fully leased to Fresco’s Grand Cantina. The tenant is responsible for all utilities and taxes above the base year of 2021/2022 and has a lease duration until May 2031. The Property represents the opportunity to acquire a fully leased retail building, with a full restaurant build-out, in the heart of Astoria, one of Queens’ most vibrant submarkets.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$757 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,999 SF

ZONING

C4-4A / R7A equiv.

APN/PARCEL ID

00595-0034

ASK ABOUT THIS PROPERTY

Sean SlatteryLee & AssociatesMore Info
516-205-0814

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Sean SlatteryLee & AssociatesMore Info
516-205-0814

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