Updated 5 years ago
Off Market
11-36 31st Ave
Astoria, Queens | 12th Street & Vernon Blvd
11 Rooms4 Beds7.5 Baths7,500 Square FeetMixed Use
$4,298,000
floors / apts4 / 5
Lot Size25'x100'
Built Size25'x75'
ZoneR7A
Building TypeTownhouse
RE Taxes$14,928
Price Per SF
$573
Outdoor space and views
- Terrace
- Partial City
Building Amenities
- Voice Intercom
- Laundry Room
Property Description for 11-36 31st Ave
Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 11-36 31st Avenue located right between the LIC and Astoria Border. Built in 1930, this fully occupied 4 story mixed-use building consists of 5 residential apartments and 1 commercial office space on the ground floor. This offering represents a unique opportunity for investors to purchase an extremely well maintained building in a prime location with tremendous upside. Each apartment in the building has been meticulously renovated in the last 2 years. The building also has 2,500 SF of air rights that can be used to build 2 additional apartments by raising the building to 5 stories.
Please contact the listing agents for more information.
Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%
Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500
Please contact the listing agents for more information.
Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%
Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500
Building Details for 11-36 31st Ave
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built1992
Financing Allowed90%
Floors/Apts4/5
Transit and Citi Bike
Citi Bike
Vernon Blvd & 31 Ave
0.05 miles
31 Ave & 14 St
0.14 miles
Ferry
Astoria
0.19 miles
Astoria | Queens
Quick Profile
Although Astoria is largely a residential neighborhood, it is filled with unique mom-and-pop shops, trendy boutiques, a plethora of dining options representing cuisines from around the world, and lush green spaces where you can relax, walk along the East River, or just enjoy the Manhattan skyline.
The atmosphere is laid back and almost small-town. In addition to luxury condos, pre-war buildings, single-family and semi-detached brick buildings, you will find low-rise buildings with apartments available at lower rents than are available in nearby Manhattan. If you enjoy shopping, you will find everything from locally handcrafted apparel and decor items to vintage treasures just waiting to be repurposed.
Astoria has long been known as a hub of Greek culture, with a burgeoning Greek community. You can barely walk a block without an opportunity to eat Greek food or experience some aspect of Greek culture. The Italian community is also quite large and well-represented in Astoria. Lately, there has been an influx of immigrants from all corners of the globe, making Astoria truly multicultural, and giving rise to eateries that offer unique gastronomic treats.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 81822TH
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