Property profile

46-04 31St Ave Queens, NY 11103

OFF-MARKET
Office Spaces
55,500 SF
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Property summary

AI-generated overview

This exceptional 55,500 square foot multi-tenant office building, located at 46-04 31st Ave in Astoria, Queens County, offers a remarkable 9,000 square feet of immediately available space. The property boasts a convenient location, just one block from the 46th Ave subway station (E, M, and R trains), and easily accessible by multiple bus lines (Q18, Q66, Q101, and Q104). A short drive from Northern Boulevard and the Brooklyn Queens Expressway (BQE) provides excellent highway access. The building itself is fully ADA compliant and features a recently upgraded HVAC system and an elevator. Currently configured for medical use, this ground floor space is ideal for a variety of uses, including medical practices. The building is situated in a vibrant commercial area, surrounded by numerous amenities including restaurants, retail stores (such as Bella Donna Pizza, Layaly Cafe, Taco City Cuisine, Retro Fitness, and many national chains), and other businesses. The property is also within walking distance of Astoria and Rainey Parks, and a short drive from LaGuardia (10 minutes) and JFK (25 minutes) airports. The zoning is R5. The lot size is 32,500 square feet. This turnkey space presents a unique opportunity for businesses seeking a high-visibility location in a thriving community. The building also includes an existing tenant, NYSCQ Surgical Center, occupying 8,000 square feet. The available space includes a 7,000 square foot area previously used as a medical clinic by Mount Sinai, and an additional 2,000 square feet of adaptable space.

Property profile

Verified
Property type Office Spaces
Total area 55,500 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Medical Clinic Hospital
  • Physician
  • Physician Medical Clinic

Location

46-04 31St Ave Queens, NY 11103
Queens metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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