4218 31st Ave, Long Island City, NY 11103-2602
- Investment properties
- 4,583 SF
- 0.08 lot acres
Current Use by Public Records
- Spyce Astoria / Restaurant
Property Details for 4218 31st Ave
- Year built
- 1928
- Lot size
- 0.08 lot acres
- Zone code
- R5
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 00692-0043
- APU
- 6920043
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 14, 2021 | — | 42-18 Development LLC | — | Deed · related | $71k · Valley National Bank |
| Jun 21, 2011 | — | 27th St Dev LLC | — | Deed Of Trust · related | $5.5M · First Central Savings Bank |
| — | — | 42-18 Dev LLC | — | Loan Modification, Consolidation And Extension · related | $3.2M · Country Bk |
| — | — | 42-18 Dev LLC | — | Deed Of Trust · related | $449k · First Central Savings Bank |
| — | — | 42-18 Dev LLC | — | Deed Of Trust · related | $800k · First Central Savings Bank |
| — | — | 42-18 Dev LLC | — | Deed Of Trust · related | $1.4M · First Central Savings Bank |
Description
This exceptional Queens, NY mixed-use development site at 42-18 31st Avenue offers a compelling investment opportunity. The property, encompassing 38,189 square feet, boasts approved rezoning and permits for a substantial project. Plans call for a six-story building (65 feet), featuring approximately 35 residential units, including 9 affordable units, and 8,000 square feet of commercial space. The proposed floor area ratio (FAR) is 3.53, significantly utilizing the site's potential. The existing structure offers 10,800 square feet. The design thoughtfully incorporates a stepped-down building height, harmonizing with the surrounding neighborhood's architectural character, reducing to four stories near 43rd Street and one story near 31st Avenue. Twelve parking spaces are included in the proposed development. The property is zoned R6A/C1-3, providing flexibility and potential for various uses. Located in Queens County, NY, with the address 42-18 31st Avenue, zip code 11103, this site presents a rare chance to develop a high-impact mixed-use project in a vibrant and growing area. The asking price is $7,500,000, translating to $196.39 per square foot. The Assessor's Parcel Number (APN) is 692-43, 44, 45, 46.
Value Estimations
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,860,000 Current use
- OFFICE BUILDING
- $1,655,000 Change: -11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Island City
- County
- Queens
- State
- New York
- Longitude
- -73.9151
- Latitude
- 40.7602
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
