3801 31St Ave, Astoria, NY 11103
9 Unit Apartment Building | $5,950,000 ($661,111/Unit) | 4.87% Cap Rate | Astoria, NY 11103
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,950,000
- Property Type
-
Multifamily
- Square Feet
- 9,932 SF
Listing Contacts
Damian Dakas
Verified Profile
Faisal Gilani
Verified Profile
Luca DiCiero
Verified Profile
- Property Info
Property Overview
Introducing 38-01 31st Avenue, Astoria - 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.
Step inside this remarkable property and you'll immediately appreciate the stunning interiors that have been crafted to perfection. Each residential unit is well thought out, creating a comfortable and inviting space that residents will love to call home. 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.
Step inside this remarkable property and you'll immediately appreciate the stunning interiors that have been crafted to perfection. Each residential unit is well thought out, creating a comfortable and inviting space that residents will love to call home. 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.
Property Details
- Year Built/Renovated
- 1970/2016
- Stories
- 4
- Units
- 9
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