1,873 Sqft Lot
1,873 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1058409
Rental Info No
Year Built 1901
Annual Tax Amount $9,770
Lot Size 1,873 Sqft
Acres 0.043
Property Sub-Type Mixed Use
Source onekey2
Property Description
Excellent opportunity for developers and investors in a highly desirable Astoria location. This mixed-use property features 2 residential units plus 1 commercial storefront, offering strong existing rental income along with significant future development potential.
Situated on a 25 x75 lot with R7X / C2-3 zoning, the property presents an attractive opportunity for potential redevelopment into a larger mixed-use building, subject to zoning, DOB requirements, and approvals.
The existing building consists of 3 stories plus a full basement, offering approximately 3,432 sq. ft. of interior space with a building footprint of approximately 22x52. Each residential unit features 3 bedrooms and 1 full bathroom. The property is separately equipped with 3 electric meters and 3 gas meters and benefits from relatively low property taxes.
Conveniently located near the N/W subway at Astoria Blvd, with easy access to shopping, restaurants, transportation, and neighborhood amenities.
An excellent opportunity for investors, developers, 1031 exchange buyers, or owner-investors seeking strong rental income, attractive cap-rate potential, and long-term redevelopment upside in one of Astoria's prime locations.
Location
State NY
County Queens
Rooms
Basement Full, Partially Finished, Storage Space
Interior
Heating Natural Gas, Steam
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Block
Schools
Elementary Schools Ps 17 Henry David Thoreau
Middle Schools Albert Shanker Sch-Visual/Perf Arts
High Schools Queens 30
School District Queens 30
Others
Special Listing Condition None
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