This 2,532SF three-family home with a 1,200SF garden and front porch sits on a 3,350SF lot on Astoria's most prime location and is a fantastic re-development and/or cash flowing investment opportunity
The Residential FAR is 2.43, Commercial FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390SF and as such there is 8,844SF of unused FAR. Prime spot for a 7-story property with ground floor commercial.
This is a unique opportunity to acquire a prized piece of real estate that is ideally suited as a re-development opportunity or as a buy and hold cash flowing investment.
Currently the three existing residential units, that are all rented out on month-to-month leases. The property can be delivered with tenants or vacant.
Nearby schools include Les Enfants Montessori School, 30th Avenue School and PS 17 Henry David Thoreau.
Titan Foods, Key Food, Trade Fair, Starbucks, Cafe to Go, NY Bakery Caf, Taste of Bengal, Bella Pizza, Boston Pizza II are all on your doorstep.
25-81 31st St is located one block from the N&W Astoria Blvd and 30th Avenue Subway stop, near Athens Square, Hoyt Playground, Ditmars (ranked 11th best neighbourhood in New York), 31st Avenue, Triborough Bridge, Playground E and Grand Central etc.