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31-11 43rd Street, Queens (Astoria), NY, 11103 | $1,650,000
The property at 31-11 43rd Street (or 43-02 Newtown Road) in Central Astoria is an extremely rare opportunity to own a corner brick building consisting of 3 floors, 2 residential units, 1 commercial unit and a 4-car garage.
The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential.
The second and third floor residential units have high ceilings, triple exposure, 10 windows, two bedrooms, an eat-in-kitchen, and a windowed bath.
The ground floor commercial space has 11-foot ceiling heights with frontage on Newtown Road and 43rd Street.
The full basement provides additional space for potential expansion.
The property boasts a coveted 4-car garage.
Location, location, location. The property is situated 3 blocks from Steinway Street, 1 block from 30th Avenue and 1 block from Broadway.
Other Information:
43-02 Newtown Road/31-11 43rd Street
Astoria, NY 11103
Block 693
Lot 36
Lot Size: 22. 67 x 97
Building Class S2
Tax Class 1 - Small Home, Less Than 4 Families
R5 Zoning
FAR 1. 25
According to public records, the building has an existing gross floor area of 1, 998 square feet with an unbuilt floor area of 312 square feet.
The property is adjacent to a block that was recently upzoned.
The building will be delivered vacant.
Annual Property Tax: $8, 260. 16
Prospective buyers are advised to independently verify all information with the buyer's real estate attorney and architect.
Features
- Town: Queens
- Garage: Yes
- Levels: 3
- Cooling: Unknown Type
- Amenities: Garage;
- Zoning: R5
- Laundry: InUnit
- Year Built: 1930
- Building Access : None
- Service Level: None
- Built Size: 37'x18'
- OLR#: RPLU33422976459
- Days on Market: 226 days
- Website: https://www.raveis.com
/prop/RPLU33422976459/311143rdstreet_queens_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Corcoran Group
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
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31-11 43rd Street, Queens (Astoria), NY, 11103
$1,650,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,320,000 | $1,320,000 | $1,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,703 | $8,343 | $11,139 |
| Total Monthly Payment | $7,828 | $8,468 | $11,264 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535