$ 5,650,000
38-01 31st AVE Long Island City, NY 11103
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$ 5,650,000
Est. payment | /mo
9,932 SqFt
$ 5,650,000
Est. payment | /mo
9,932 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,932 sqft
Price per Sqft $568
MLS Listing ID KEYL3541847
Originating Board onekey2
Rental Info No
Year Built 1970
Annual Tax Amount $79,584
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., Building Size:9932
Location
State NY
County Queens
Interior
Fireplace No
Exterior
Private Pool No
Building
Story 4
Others
Special Listing Condition None
Listed by NY Space Finders Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "