Address
38-01 31st Avenue, Long Island City, NY
Price
$ 5,950,000
Property Attributes
  • MLS#3541847
  • TypeCommercial
  • CountyQUEENS
  • CityLong Island City
  • Zip11103
  • Style
  • Year Built1970
  • Taxes$ 79584
  • Price$ 5,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3167
  • Lot Size0.07 Acres
Data Source:
OneKey® MLS
Property 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.

Price History
4/3/2024 Listed $5,950,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 11103

Price
AVG $3.22M
$5.95M
Taxes
AVG $31,175
$79,584
Visits
AVG 110
81
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1970

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