Price Reduced 5.04%


Price History

$5,950,000
4/2/2024

$5,650,000
8/1/2024


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

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

1970

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.


Status:

Active

Town:

Queens

Type:

Commercial

Units:

11

Zoning:

C1-3/R6A

Levels:

4

Acreage:

0.07

Est. Taxes:

$79,584

Current Use

Mixed Use, Residential, Retail

MLS #:

3541847


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of NY Space Finders Inc 718-440-8162