3431 31st St - Flex FOR SALE


Astoria, NY 11106- Downtown Astoria
$3,100,000 USD
646-559-4700
3431 31st St, Astoria, NY for Sale
$3,100,000 USD
Flex - FOR SALE
1/10
null | Request Cap Rate

3431 31st St
Astoria, NY 11106
Downtown Astoria


HIGHLIGHTS

  • Mid-block lot measuring 4,000 ft²
  • 50’ x 80’ lot dimensions
  • Low tax bill of $18,190
  • Delivered vacant
  • Ideal for investor or user
  • Proximity to N & W subway lines

OVERVIEW

Landair Property Advisors has been exclusively retained to sell 34-29/31 31st St, Astoria, NY 11106. This mixed-use property is comprised of two buildings situated on a 4,000 ft² lot, with lot dimensions of 50’ x 80’. Together, the buildings total 4,700 ft² and carry a low annual tax bill of $18,190, providing investors with efficient operating expenses. In the 3 unit multifamily, there is (1) 2-bedroom unit on the 1st floor, and (2) 1-bedroom units on the 2nd floor. However, it is currently configured as a 2-unit multifamily. The property is located just 0.2 miles from both the Broadway and 36th Avenue N and W subway stations, offering quick and direct access to Manhattan. The immediate neighborhood features active retail corridors, consistent residential demand, and a growing concentration of new developments that continue to strengthen the market. This offering presents an opportunity to acquire a centrally located mixed-use property in the heart of Astoria. With low operating costs, strong transit accessibility, and exposure to one of Queens’ most established neighborhoods, the asset is well-positioned for stable income and long-term growth

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$660 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use in Astoria

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Auto Repair, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09

LAND SF

4,000

ZONING

R5

APN/PARCEL ID

00608-0017

ASK ABOUT THIS PROPERTY

Dean AbouelhassanLandair Property AdvisorsMore Info
646-559-4700

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Dean AbouelhassanLandair Property AdvisorsMore Info
646-559-4700

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