11-36 31st Avenue

Astoria   |   12th Street & Vernon Boulevard

Building For Sale
$ 4,298,000
Ownership Rental Property
Floors/Apts 4/4
Status Active
Real Estate Taxes [Per Annum] $ 14,928
Building Type Low-Rise
Year Built 1992
ASF/ASM 7,500/697
Financing Allowed 90%
Listing ID: 81822TH

Property Description

Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 11-36 31st Avenue located right between the LIC and Astoria Border. Built in 1930, this fully occupied 4 story mixed-use building consists of 5 residential apartments and 1 commercial office space on the ground floor. This offering represents a unique opportunity for investors to purchase an extremely well maintained building in a prime location with tremendous upside. Each apartment in the building has been meticulously renovated in the last 2 years. The building also has 2,500 SF of air rights that can be used to build 2 additional apartments by raising the building to 5 stories.

Please contact the listing agents for more information.

Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%

Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500
Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 11-36 31st Avenue located right between the LIC and Astoria Border. Built in 1930, this fully occupied 4 story mixed-use building consists of 5 residential apartments and 1 commercial office space on the ground floor. This offering represents a unique opportunity for investors to purchase an extremely well maintained building in a prime location with tremendous upside. Each apartment in the building has been meticulously renovated in the last 2 years. The building also has 2,500 SF of air rights that can be used to build 2 additional apartments by raising the building to 5 stories.

Please contact the listing agents for more information.

Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%

Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500

Listing Courtesy of Douglas Elliman Real Estate

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Apartment Features

A/C
Washer / Dryer Hookups
11-36 31st Avenue Astoria Queens NY 11106

Building Details [11-36 31st Avenue]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 503/23
Building Type Low-Rise
Year Built 1992
Floors/Apts 4/4

Building Amenities

Laundry Rooms

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.