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Mixed-Use 3-Unit Property
For Sale
Contact for pricing
Pending

32-20 23rd Street, Long Island City, NY 11106

Corner property combines residential units, commercial space, private parking, and separate heating and hot-water systems.

Property Size3,105 SF
Lot Size0.06 Acres
Days on Market145

Property Features for 32-20 23rd Street

General Information

Standard status Pending
Size 3,105 SF
Total Parking Spaces 4
Lot size 0.06 Acres
Property subtype Mixed Use, Multifamily, Office
Zoning R5, C1-4

Additional Details

Public Transit Yes
Multifamily Units 2

Amenities

balconies

Building Details

Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: eXp Realty
Listed By: Harvey Heit · License #NY 30HE0823434
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Sep 1 at 12:46AM

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 eXp Realty

Investment Insights

Based on property information with market context.

This mixed-use property contains three stories plus a finished basement, with two residential apartments and a ground-floor commercial component. The building is constructed in brick and includes front and rear balconies serving the second- and third-floor apartments. The property currently contains 3105 sf of building area, with approximately 586 additional sf of air rights. The finished lower level provides approximately 1000sf, while the ground floor and basement may be converted into a 2-3Br, 2Bath ground-floor residence with a total approximate area of 2035 sf.

The corner property includes a 10-foot-wide side driveway and a private garage with capacity for 4 cars. Each of the 3 tenants has a separate furnace and hot-water heater, while the landlord pays only common electrical service. Zoning is identified as R5, C1-4, with a residential FAR of 1.25 and facility FAR of 2.0. The property is 5 short blocks from the N and W subway lines at the Broadway & 31st St stop, with shops, restaurants, supermarkets, and Broadway Astoria bus service nearby.

Key Highlights

  • Mixed‑use 3‑unit property with two residential apartments and a ground‑floor commercial component
  • 3105 sf building with approximately 586 additional sf of air rights
  • Finished basement of approximately 1000sf; lower duplex totals approximately 2035 sf

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Furniture & Home Goods Parking Lot & Garage Real Estate Agency Acupuncture Nursing Home

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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,987
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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combines residential units, commercial space, private parking, and separate heating and hot-water systems.
Where is this mixed-use property located?
The property is located at 32-20 23rd Street Long Island City, NY.
What are key features of this property?
This property features: Mixed‑use 3‑unit property with two residential apartments and a ground‑floor commercial component; 3105 sf building with approximately 586 additional sf of air rights; Finished basement of approximately 1000sf; lower duplex totals approximately 2035 sf
More about this property
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