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2536-2538 31st St, Queens, NY 11102

$4,200,000
Active Listing
Listing Details:
$4,200,000 Price
Mixed-Use Townhouse Property Type
Astoria Neighborhood
6 Beds
4 Baths
-- Approx. Sq. Ft.
$3,748 RET
Key Features:
Description:

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 courtesy of The Corcoran Group

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