11-27 31st DR Pending Save Request In-Person Tour Request Virtual Tour
Long Island City,NY 11106
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3515406
Style Colonial
Bedrooms 10
Full Baths 4
Year Built 1916
Annual Tax Amount $7,500
Lot Size 2,613 Sqft
Property Description
This detached 4-family property is an excellent opportunity for both development and income investment. It boasts a strategic location with zoning designated as R7A and a generous FAR (Floor Area Ratio) of 4. This means there's significant potential for construction with a total buildable area of 10,560 square feet. The property is versatile, offering options for development or for living in one unit while generating rental income from the others. The property's location is a strong selling point, as it is conveniently situated close to various amenities, including bus routes, the NYC Ferry, Socrates Sculpture Park, Costco, and more, making it appealing for both residents and potential renters. In summary, this detached 4-family property offers a blend of development potential and steady rental income, making it a versatile and attractive investment opportunity in a desirable location.
Location
State NY
County Queens
Rooms
Kitchen 4
Interior
Heating Natural Gas,Baseboard
Cooling None
Exterior
Garage None
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
Middle Schools Is 141 Steinway (The)
High Schools Long Island City High School
School District Queens 30
Others
Special Listing Condition None