25-81 31st Street

Astoria   |   Astoria Boulevard & 28th Avenue

Building For Sale
$ 2,000,000
Ownership Multi-Family
Lot Size 25'x134'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 7,728
Building Type House
Building Size 22'x36'
Year Built 1910
ASF/ASM 2,532/235
Listing ID: 78020TH

Property Description

Excellent opportunity at $200 per buildable SF, this 2,532 SF three-family home with a 1,200 SF garden sits on a 3,350 SF lot in Astoria's most prime location. This is a fantastic redevelopment or cash flowing opportunity. Zoned for Residential & Commercial. The Max FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390 SF making this a prime spot for a 7-story property with ground floor commercial.

Currently the three existing residential units are all rented out on month-to-month leases. Current Annual Rent Roll is: $79,200. The property can be delivered with tenants or vacant. Located one block from both the N&W Astoria Blvd and 30th Avenue Subway stops.
Excellent opportunity at $200 per buildable SF, this 2,532 SF three-family home with a 1,200 SF garden sits on a 3,350 SF lot in Astoria's most prime location. This is a fantastic redevelopment or cash flowing opportunity. Zoned for Residential & Commercial. The Max FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390 SF making this a prime spot for a 7-story property with ground floor commercial.

Currently the three existing residential units are all rented out on month-to-month leases. Current Annual Rent Roll is: $79,200. The property can be delivered with tenants or vacant. Located one block from both the N&W Astoria Blvd and 30th Avenue Subway stops.

Listing Courtesy of Compass

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Apartment Features

A/C

Outdoor

Private Garden
25-81 31st Street Astoria Queens NY 11102

Building Details [25-81 31st Street]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 620/3
Building Size 22'x36'
Zoning C4-3
Building Type House
Year Built 1910
Floors/Apts 3/3
Lot Size 25'x134'

Building Amenities

Garden

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. ©2021 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.