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OFF-MARKET
Churches & religious facilities

32-63 41St St portfolio Astoria, NY 11105

Built 1931
Property ID
Property summary
AI-generated overview

Magnificent, massive, well maintained two community facility concrete block and brick buildings plus a two family brick and stucco home portfolio for sale. Major renovations in 1980 and 1998 to the spacious, elevator house of worship building located at 32-71 41st street that has a full finished cellar with a fellowship area for 260 people, smaller chapel for 90 people, kitchen, classrooms for 71 people, mothers nursery, storage and a boiler room. Multiple entrances, wheelchair accessible ground floor that has a beautifully designed main chapel with finely crafted wooden beam high ceilings for 408 people, basketball gymnasium for 78 people, classrooms for 72 people and storage rooms. Elevated chapel on the balcony, great for lights, sound, camera crew up to 73 people. Another attached, sizeable, three story, community building located at 32-73 41st street also included (occupied as a pre-k, kindegarten, elementary school and day care on a separate lot). Second floor with office rooms. Third floor with classrooms for 135 people, office and a supers apartment. Both commercial buildings with a combined total around 21k sq ft and both lots with a combined total around 11k sq ft! 110 feet of great commercial street frontage and sign visibility. Zoning R5. Sprinkler systems. Building class is M1 Church, Synagogue or Chapel. Religious property tax exemption. This portfolio sale further includes the adjacent, large residential lot around 4k square feet and a sunny, clean, well maintained, two family, free market, three story house located at 32-63 41st street around 2,400 square feet with a 7 car private driveway. Garage converted to a nice one bedroom and one bathroom apartment around 800 sq ft including the boiler and storage room. Second floor of around 800 sq ft with two bedrooms and one bathroom. Third floor around 800 sq ft with two bedrooms and one bathroom. Built in 1945 with a building class of B1 Two family. Zoning R5. Property taxes only $5,575 a year with a parsonage tax exemption. Can be sold separately for $1.75 million. Significant versatile investment, land value appreciation and qualified federal, New york city community development tax opportunity zone up to 6k sq ft for residential use with a maximum facility FAR up to 8k sq ft (please consult with an architect and attorney). Across the street is No.41, a well designed 25 unit elevator apartment green building built in 2019 at 32-72 41st street. Commuter, walker and food lover paradise conveniently off Northern boulevard and Broadway. Around the block from the Steinway street E,F,M,R subways (10 minutes to Manhattan Central park Lexington ave/63rd street station, 15 mins by car!) and Q101, Q104 bus stops with great foot and 9k+ daily car traffic. Near Q18, Q63, Q66 buses, Amtrak and Mr. Ed Koch Queensboro bridge. Around 10 mins non rush hour drive to LGA, 30 mins to JFK and 45 mins to Newark International airports! All properties to be delivered fully vacant at closing and can be sold as one package. Please do not disturb occupants. For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431 or [email protected]. Real estate agent at Hanmi Realty.

Property profile
Verified
Property type Churches & religious facilities
Year built 1931
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Live Park NY Recording Studio
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
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