3710 31st Ave - Apartments FOR SALE


Astoria, NY 11103- Downtown Astoria
$6,500,000 USD
516-509-5476
3710 31st Ave, Astoria, NY for Sale
$6,500,000 USD
Apartments - FOR SALE
1/2
null | 5% Cap Rate

3710 31st Ave
Astoria, NY 11103
Downtown Astoria


HIGHLIGHTS

  • 421A Tax abatement until 2031
  • Elevator
  • laundry facility

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 2031,, and a dynamic mix of 9 residential units and 1 commercial space spread across 6 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. Can be sold with 25-34 31st St, Astoria & 38-24 38th St, Astoria. Full set up attached.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$780 USD /SF

# OF UNITS

8

PRICE/UNIT

$812,500

CAP RATE

5%

% LEASED

100%

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

6

YEAR BUILT

2013

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C1-3/R6A

APN/PARCEL ID

00657-0041

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.