38-01 31st AVE Active Save Request In-Person Tour Request Virtual Tour
Long Island City,NY 11103
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3541847
Year Built 1970
Annual Tax Amount $79,584
Lot Size 3,049 Sqft
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.
Location
State NY
County Queens
Zoning C1-3/R6A
Building
Story 4
Sewer Sewer
Others
Special Listing Condition None