Custom 6-Unit Multifamily
1418 31st Ave Queens, NY 11106
For Sale
$2,950,000
A 2016-built 6-unit property with quartz kitchens, designer baths, hardwood floors, and a video intercom security system.
Days on Market51
Property Features for 1418 31st Ave
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 2015
Listing Agency:
AZURE REALTY NY LLC
(347) 484-9965
Listed By:
Christina M. Cricenti · License #10491209546
(347) 484-9965
Source:
Elliman
Added: Jun 4
Changed: Jul 21
Last Checked: Jul 24 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AZURE REALTY NY LLC
Investment Insights
Based on property information with market context.
1418 31st Ave, Queens, NY 11106 presents a custom-designed 6-unit multifamily building completed in 2016. The property includes six apartments with quartz kitchens, designer bathrooms, rich hardwood flooring, extra-large windows, and a premium video intercom security system. The building is described as fully stabilized with an existing roster of premium tenants.
The offering is presented as a tax-advantaged setup with a protected Tax Class 2A designation and an active 421-a tax abatement through 2032. The remarks also note an underwriting yield described as a cap rate near 6%.
A buyer is also presented with value-add possibilities, including converting a massive 8-foot-high cellar into 12 to 15 tenant storage units, installing a coin-operated multi-machine laundry room, and styling the outdoor footprint into a communal tenant lounge. The property is described as located in Astoria near 30th Avenue and Broadway, with walking distance to the N and W subway stations.
The offering is presented as a tax-advantaged setup with a protected Tax Class 2A designation and an active 421-a tax abatement through 2032. The remarks also note an underwriting yield described as a cap rate near 6%.
A buyer is also presented with value-add possibilities, including converting a massive 8-foot-high cellar into 12 to 15 tenant storage units, installing a coin-operated multi-machine laundry room, and styling the outdoor footprint into a communal tenant lounge. The property is described as located in Astoria near 30th Avenue and Broadway, with walking distance to the N and W subway stations.
Key Highlights
- 6‑unit multifamily built in 2015 and custom completed in 2016 by architect Steven Kuo in Astoria, Queens
- Apartments feature quartz kitchens, designer bathrooms, rich hardwood floors, and extra‑large windows
- Premium video intercom security system and a 2016‑built, fully stabilized tenant roster with cap rate near 6%
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - A 2016-built 6-unit property with quartz kitchens, designer baths, hardwood floors, and a video intercom security system.
Where is this multifamily property located?
The property is located at 1418 31st Ave Queens, NY.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 6‑unit multifamily built in 2015 and custom completed in 2016 by architect Steven Kuo in Astoria, Queens; Apartments feature quartz kitchens, designer bathrooms, rich hardwood floors, and extra‑large windows; Premium video intercom security system and a 2016‑built, fully stabilized tenant roster with cap rate near 6%
