Assignments

3-Family in the heart of Astoria

34-31 31st St, Astoria, NY 11106

34-31 31st St, Astoria, NY 11106

under contract

Asking
Sale Price
$
1600000
1600000

Property Details

Status
For Sale
Property Type
Residential Development Site
Price Summary
$
1600000
Sale Price
$
1600000
Buildable SF
3000
Building SF
3000
LOT SF
3000
Cap RATE
%
Zoning
R5

Highlights

  • 3-family with upside
  • ~1,140 SF mid-block lot in the heart of Astoria
  • Low annual tax bill of just $6,415
  • Delivered vacant: set your own rents or move right in
  • Strong fit for investors and owner-users alike
  • Just 0.2 miles to the Broadway and 36th Avenue N/W subway stations

Property DEscription

Landair Advisors has been exclusively retained to sell 34-31 31st Street, Astoria, NY 11106. The offering is a 3-family building totaling ~2,300 SF on a ~1,140 SF lot (25' x 60'), with a low annual tax bill of $6,415, providing investors with efficient operating expenses. The property sits just 0.2 miles from both the Broadway and 36th Avenue N/W subway stations, providing quick, direct access to Manhattan. The surrounding neighborhood features active retail corridors, consistent residential demand, and a growing concentration of new development that continues to strengthen the market. This offering presents a rare opportunity to acquire a centrally located multifamily asset in the heart of Astoria. With low operating costs, strong transit access, and upside through reconfiguration, the property is well-positioned for stable income and long-term growth.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
DA@landairnyc.com

Documents

Offering Memorandum
Data Room

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