$5,950,000 $31,941 est/mo Sourced by Back At You

38-01 31st Avenue,Long Island City, NY 11103

Long Island City NY, 11103

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Description

An exceptional eleven-unit mixed use building that offers a perfect blend of residential and commercial spaces. This four-story building boasts nine tastefully designed residential units and two expansive commercial units, all spread across a prime location in Astoria, NY. Each residential unit is well-appointed with contemporary fixtures and fittings, creating a comfortable and inviting space. Meanwhile, the two commercial units on the ground floor provide the perfect opportunity for entrepreneurs and business owners to establish a thriving business in a high-traffic area. As an added bonus, this property benefits from a 421A tax abatement lasting until 2031, providing significant tax savings for years to come. The commercial units also benefit from an ICAP tax abatement until 2030, further enhancing the appeal of this investment opportunity. Located just a ten-minute walk from the subway and retail high streets, this building offers a great location in the heart of Astoria. Residents can enjoy easy access to all the local amenities, including trendy cafes, bars, and restaurants, as well as supermarkets, shops, and more. In short, 38-01 31st Avenue is a truly exceptional investment opportunity that offers an impressive mix of residential and commercial spaces in a highly desirable location. Featured Commercial Sales.

Details

MLS#3541847
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1970
Days On Site20
Listing Provided ByNY Space Finders Inc | Luca DiCiero

Features

Story(s)4
Units11
Building(s)1
ZoningC1-3/R6A
Acreage0.07

Market Activity 11103

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the OneKey MLS.

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Learn More About This Property

StateNY
CountyQueens
CityLong Island City
Zip Code11103
Subarea11
Listing VS Median (in 11103)
Price:
$5,950,000
low | high
Med:
$1,350,000
100% of Average
On Site:
20
low | high
Med:
288.500000
6.932409012132% of Average
Sourced by Back At You
Listing Updated: April 22, 2024 at 2:11:58 AM PDT