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Residential Income Property
For Sale
$695,000

23-16 31ST Avenue 2B, Queens, NY 11106

Seven-story residential community with private storage, parking, fitness amenities, and a shared roof deck.

Property Size764 SF
Days on Market252

Property Features for 23-16 31ST Avenue 2B

General Information

Standard status Active
Size 764 SF
Property subtype Apartment

Additional Details

Public Transit Yes
Multifamily Units 26

Amenities

Fitness Center
Washer/Dryer in every unit (Vented)
Private Storage
Parking
Video Intercom System
Bike Storage
Common Roof Deck
Caesarstone Counter Tops
Private Balconies & Terraces
European Porcelain Tiled Baths
Generously Proportioned Living Spaces

Building Details

Building Size 764 SF
Year Built 2017
Buildings 1
Stories 7
Listing Agency: Corcoran Group
Listed By: Aleksey Gavrilov · License #40GA1077250
Source: Tricialee
Added: Dec 5, 2025 Changed: Aug 2 Last Checked: Aug 13 at 11:50AM

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 Corcoran Group

Investment Insights

Based on property information with market context.

Built in 2017, this seven-story residential income property contains 26 residences within a professionally designed building. The property offers a mix of private and shared amenities, including private storage, parking, bike storage, a video intercom system, and a common roof deck. Individual residences feature vented washers and dryers, Caesarstone countertops, European porcelain-tiled baths, and private balconies or terraces.

The property is located on 31st Avenue in Queens, near three parks, a waterfront promenade, restaurants, lounges, shopping, and arts and entertainment venues. Subway, bus, and water ferry connections provide access throughout New York. The offering is subject to the sponsor’s offering plan, File No. CD-18-0143.

Key Highlights

  • 2017 construction with 26 residences across 7 stories
  • Private storage and on‑site parking
  • Fitness center, bike storage, and common roof deck

Property Analytics

Current Use

Sofo Tower Apartment Building

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Clothing & Fashion Store Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

26
Residential units

Location Intelligence

Trade Area within ½ mile

8,159
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Seven-story residential community with private storage, parking, fitness amenities, and a shared roof deck.
Where is this residential income property located?
The property is located at 23-16 31ST Avenue 2B Queens, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2017 construction with 26 residences across 7 stories; Private storage and on‑site parking; Fitness center, bike storage, and common roof deck
More about this property
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