Property profile

30-41 31St St Queens, NY 11102

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

30-41 31St St Queens, NY 11102
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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