32-71 & 32-73 41st St Religious Community Development Portfolio Astoria, NY 11103

Located in the Long Island City & South Astoria neighborhood, these two well-maintained community facility buildings offer a significant and versatile investment opportunity. The properties, constructed of concrete block and brick, include a spacious house of worship building at 32-71 41st Street, featuring major renovations from 1980 and 1998. This building includes a full finished cellar with a fellowship area for 260 people, a smaller chapel for 90 people, a kitchen, classrooms for 71 people, a mother's nursery, storage, and a boiler room. The ground floor, which is wheelchair accessible, contains a main chapel with wooden beam high ceilings for 408 people, a basketball gymnasium for 78 people, classrooms for 72 people, and storage rooms. An elevated chapel on the balcony accommodates up to 73 people. The adjacent three-story vacant community building at 32-73 41st Street is also included. The combined square footage of both buildings is approximately 21,000, situated on a combined lot size of around 11,000 square feet with 110 feet of commercial street frontage. The zoning is R5, and the building class is M1 Church, Synagogue, Chapel or Mosque, with a religious property tax exemption. The property is located off Northern Boulevard & Broadway, approximately 500 feet from the Steinway Street & 34th Avenue E, F, M, R subway lines. The property is located in a qualified federal, New York City community development tax opportunity zone. The second floor has office rooms, and the third floor has classrooms for 135 people, an office, and a super's apartment. The buildings have sprinkler systems. Potential uses include a house of worship, seminary, school, day or adult care, non-profit organization, physical therapy center, medical offices, or multi-family apartments, subject to zoning and permit approvals. Both properties will be delivered fully vacant at closing and are sold as one package.