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25-81 31st Street

Astoria   |   Astoria Boulevard & 28th Avenue
Listing ID: 78020TH

  • $ 2,300,000
  • 8 Bedrooms
  • 4.5 Bathrooms
  • HouseBuilding Type
  • 2,532/235 Approx. SF/SM
  • Details
    • Multi-FamilyOwnership
    • $ 7,728Anual RE Taxes
    • 22'x36'Building Size
    • 25'x134'Lot Size
    • 1910Year Built
    • ActiveStatus
  • Description

  • This 2,532SF three-family home with a 1,200SF garden and front porch sits on a 3,350SF lot on Astoria's most prime location and is a fantastic re-development and/or cash flowing investment opportunity


    The Residential FAR is 2.43, Commercial FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390SF and as such there is 8,844SF of unused FAR. Prime spot for a 7-story property with ground floor commercial.


    This is a unique opportunity to acquire a prized piece of real estate that is ideally suited as a re-development opportunity or as a buy and hold cash flowing investment.


    Currently the three existing residential units, that are all rented out on month-to-month leases. The property can be delivered with tenants or vacant.


    Nearby schools include Les Enfants Montessori School, 30th Avenue School and PS 17 Henry David Thoreau.


    Titan Foods, Key Food, Trade Fair, Starbucks, Cafe to Go, NY Bakery Café, Taste of Bengal, Bella Pizza, Boston Pizza II are all on your doorstep.


    25-81 31st St is located one block from the N&W Astoria Blvd and 30th Avenue Subway stop, near Athens Square, Hoyt Playground, Ditmars (ranked 11th best neighbourhood in New York), 31st Avenue, Triborough Bridge, Playground E and Grand Central etc.

    This 2,532SF three-family home with a 1,200SF garden and front porch sits on a 3,350SF lot on Astoria's most prime location and is a fantastic re-development and/or cash flowing investment opportunity


    The Residential FAR is 2.43, Commercial FAR is 3.40. As built the property is currently at 0.76 FAR. The allowable usable floor area is 11,390SF and as such there is 8,844SF of unused FAR. Prime spot for a 7-story property with ground floor commercial.


    This is a unique opportunity to acquire a prized piece of real estate that is ideally suited as a re-development opportunity or as a buy and hold cash flowing investment.


    Currently the three existing residential units, that are all rented out on month-to-month leases. The property can be delivered with tenants or vacant.


    Nearby schools include Les Enfants Montessori School, 30th Avenue School and PS 17 Henry David Thoreau.


    Titan Foods, Key Food, Trade Fair, Starbucks, Cafe to Go, NY Bakery Café, Taste of Bengal, Bella Pizza, Boston Pizza II are all on your doorstep.


    25-81 31st St is located one block from the N&W Astoria Blvd and 30th Avenue Subway stop, near Athens Square, Hoyt Playground, Ditmars (ranked 11th best neighbourhood in New York), 31st Avenue, Triborough Bridge, Playground E and Grand Central etc.

    Listing Courtesy of Compass
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  • Features
    • A/C
  • Outdoor
    • Private Garden
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.