Astoria, Queens | Astoria Blvd & 28th Ave

6 Beds6,800 Square FeetMixed Use

$3,000,000

Updated 3 years ago

Sold

25-36/38 31st Street

Astoria, Queens | Astoria Blvd & 28th Ave

6 Beds6,800 Square FeetMixed Use

$3,000,000

floors / apts2 / 4

Lot Size50'x73'

Built Size50' wide

Building TypeLow-Rise

RE Taxes$44,970

Price Per SF

$441

Property Description for 25-36/38 31st Street

The Forray Team @ The Corcoran Group is proud to exclusively represent 25-36 & 25-38 31st street. An incredible opportunity for Users, Investors & Developers alike. Located in Bustling Astoria, one of Queens strongest growth neighborhoods.

The offering is for Two (2) consecutive 25 foot wide mixed use buildings, consisting of 2 units over retail store for a total of 4 residential units and two retail stores. Each individual lot is 25' x75" for a total of 50'x75 3,750SF. The buildings existing SF is 6,800 SF above grade and 1,200SF of cellar totaling estimated 8,000SF Gross. In addition to the stand alone value of the two buildings, there is a redevelopment/new development opportunity. The existing C4-3 zoning yields a max FAR of 3.4 for an estimated 12,750 SF total buildable SF (to be independently verified). Please note that all apartments are FREE MARKET Projected Cap Rate 5.49%

Located on bustling 31st Street just steps from the N&W Subway, and Astoria BLVD. Situated on a prime commercial block in the neighborhood, the buildings boast close proximity to the N and W Subway Stations. Surrounded by a range of major retail names such as Starbucks is just around the corner) and a plethora of new residential developments, the block houses unlimited potential! Can also be sold separately

Listing History for 25-36/38 31st Street

Now

04/13/2023

Sold and Closed by Chris Cavorti

Corcoran

03/08/2023

Contract Signed by Chris Cavorti

Corcoran

Building Details for 25-36/38 31st Street

OwnershipMixed Use

Building TypeLow-Rise

AgePre-War

AccessWalk-up

Year Built1920

Floors/Apts2/4

Learn More About the Building

Transit and Citi Bike

Subway

Astoria Blvd

0.06 miles

30 Av

0.25 miles

Citi Bike

31 St & Astoria Blvd

0.03 miles

31 St & Hoyt Ave N

0.14 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.

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posted on November 16, 2023

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: 87133TH

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25-36/38 31st Street

Astoria, Queens | Astoria Blvd & 28th Ave

Property Description for 25-36/38 31st Street

Listing History for 25-36/38 31st Street

Building Details for 25-36/38 31st Street

Transit and Citi Bike

Subway

Citi Bike

Contact Agents

Contact Agents

Astoria | Queens

Featured on the Linecity Blog

Newly Released Developments

Condo Sales Launched at 305 East 63rd Street, Manhattan