Updated 3 years ago
Off Market
25-36 31st Street
Astoria, Queens | Astoria Blvd & 28th Ave
5 Rooms3 Beds2 Baths2,750 Square FeetMixed Use
$2,100,000
floors / apts2 / 2
Lot Size25'x75'
Built Size25' wide
ZoneC4-3
Building TypeLow-Rise
RE Taxes$17,869
Price Per SF
$764
Property Description for 25-36 31st Street
The Forray Team @ The Corcoran Group is proud to exclusively represent 25-36 31st street. An incredible opportunity for Users, Investors & Developers alike. Located in Bustling Astoria, one of Queens strongest growth neighborhoods.
The offering is for a 25-foot wide mixed-use building, consisting of 2 residential units over the ground-floor retail store. With a lot size of 25' x75", the building's existing SF is 3,400 SF above grade with 600 SF of cellar totaling around 4,000 SF gross. In addition to the great cash flow potential, there is a redevelopment/new development opportunity. The existing C4-3 zoning yields a max FAR of 3.4 for an estimated 6,375 SF total buildable SF (to be independently verified). Please note that all apartments are FREE MARKET Projected Cap Rate 5.57%
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 building boasts 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 with 25-38 31st Street
The offering is for a 25-foot wide mixed-use building, consisting of 2 residential units over the ground-floor retail store. With a lot size of 25' x75", the building's existing SF is 3,400 SF above grade with 600 SF of cellar totaling around 4,000 SF gross. In addition to the great cash flow potential, there is a redevelopment/new development opportunity. The existing C4-3 zoning yields a max FAR of 3.4 for an estimated 6,375 SF total buildable SF (to be independently verified). Please note that all apartments are FREE MARKET Projected Cap Rate 5.57%
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 building boasts 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 with 25-38 31st Street
Listing History for 25-36 31st Street
Now
04/13/2023
POM by Chris Cavorti
Corcoran
03/03/2023
Contract Signed by Chris Cavorti
Corcoran
Building Details for 25-36 31st Street
OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts2/2
Transit and Citi Bike
Subway
Astoria Blvd
0.06 miles
30 Av
0.25 miles
Citi Bike
31 St & Astoria Blvd
0.02 miles
31 St & Hoyt Ave N
0.13 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: 82303TH
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