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    34-26 31St St Queens, NY 11106

    Sponsored
    For Sale
    $1,900,000

    1-Story, 2,000 SF Manufacturing Building, 100% Occupied

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A manufacturing property, located at 34-26 31st Street in Queens, NY 11106, presents a compelling investment opportunity. The 2,000 square foot building, constructed in 1920 and renovated in 1987, sits on a 2,000 square foot lot and boasts a 13-foot ceiling height. Currently 100% occupied under a gross lease with a single tenant since May 1, 2023, with five years remaining on the lease, this stabilized investment offers a strong return. The property features one dock-high door, is zoned M1, and benefits from a prime location with excellent street exposure. The asking price is $1,900,000, translating to $950 per square foot. This single-unit building offers a rare opportunity to acquire a well-maintained, strategically located manufacturing space in a thriving Queens neighborhood. The property's strong tenancy and desirable features make it an ideal addition to any investment portfolio.

    Property Features for 34-26 31St St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    2,000 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1920/1987
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Prime location in a high‑traffic area.
    • Flexible‑use warehouse/retail space ideal for multiple business types.
    • High visibility with excellent street frontage on 31st Street.
    • Additional properties available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Security Camera Installation ... Security System Installer Network Cabling NYC Telecommunications Contractor BSC Paint Painting

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.92776619
    Latitude
    40.75902271

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    FAQs

    What type of property is this?
    Manufacturing property - 1-Story, 2,000 SF Manufacturing Building, 100% Occupied
    Where is this manufacturing property located?
    The property is located at 34-26 31St St Queens, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Prime location in a high-traffic area.; Flexible-use warehouse/retail space ideal for multiple business types.; High visibility with excellent street frontage on 31st Street.
    Request Owner's contact information
    34-26 31St St Queens, NY 11106
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    Queens, NY 11106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34-26 31St St Queens, NY 11106
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