30-41 31St St, Queens, NY 11102
This exceptional 800-square-foot retail space is ideally situated in the heart of Astoria, Queens County. The property is a brand-new, single-tenant unit boasting floor-to-ceiling glass windows, providing excellent street visibility and natural light. A convenient bathroom is included within the space. A significant advantage is the building's 35-year tax abatement, eliminating property taxes for the duration. This presents a unique opportunity for substantial cost savings. Above the retail space are residential apartments, ensuring a vibrant and active surrounding environment. For businesses requiring additional space, there's an adjacent 1,000-square-foot area zoned for community facility use, available for lease if needed. This presents a rare chance to secure a prime retail location with significant long-term financial benefits and potential for expansion. The property's strategic location in Astoria, combined with its modern features and tax advantages, makes it an exceptional investment opportunity. The building's unique combination of residential and commercial spaces creates a dynamic and thriving atmosphere. This space is perfect for a variety of retail businesses seeking a high-visibility location in a bustling neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.