Long Island City NY, 11103
$5,950,000
Mixed Use
Commercial
Details
ML#: 3541847
- # of Families: 11
- Business Type: Mixed Use, Residential, Retail
- Sale or Rent:Sale
- Year Built: 1970
- Taxes: $79,584
- Status:Active
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.
More Property Details
Building Size: 9932
Lot Size: 0.07
Lot Sq Ft: 3167
Stories: 4
Sewer: Sewer
Taxes: $79,584
Zoning: C1-3/R6A
Block: 660
Lot: 7503
Listing Information provided courtesy of
NY Space Finders Inc
718-440-8162