3801 31St Ave Queens, NY 11103
Remodeled mixed-use elevator building with tax abatements in prime location.
Lot size:
0.07 AcresProperty Features for 3801 31St Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.07 Acres
Building Details
- Year built
- 1970
Source:
Elliman
Listing Agency: NY Space Finders Listing Agent: Luca Diciero
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Astoria Mixed-Use Investment Opportunity
Located on a high-visibility corner lot at 3801 31st Avenue, just off Steinway Street in Astoria, NY, this remodeled mixed-use elevator building presents a prime investment opportunity. The property, zoned C1-3/R6A, features nine spacious one-bedroom residential units and two generously sized commercial spaces, offering a blend of residential and commercial appeal. Each unit includes central HVAC, tasteful finishes, and modern fittings. The building benefits from exceptional exposure in a densely populated, high-traffic neighborhood. A 421A tax abatement, effective until 2031, reduces tax burdens on the residential units. The commercial units benefit from an ICAP tax abatement through 2030. The property is located minutes from the M and R subway lines at Steinway Street and multiple bus routes, providing accessibility to Midtown Manhattan and beyond. This turnkey investment is situated in one of Queens’ most sought-after neighborhoods.
Location Intelligence
Current Use by Public Records
Point Brazil
Restaurant
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.917401
- Latitude
- 40.761723
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FAQs
What type of property is this?
Mixed-use property - Remodeled mixed-use elevator building with tax abatements in prime location.
Where is this mixed-use property located?
The property is located at 3801 31St Ave Queens, NY.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: - Prime Astoria location on a high-visibility corner lot, just off Steinway Street.; - Significant tax savings with a 421A abatement for residential units (until 2031) and an ICAP abatement for commercial units (through 2030).; - Remodeled mixed-use elevator building with nine one-bedroom residential units and two commercial spaces.
