Assignments

Prime Astoria Investment: Two-Building Package

34-29 31st St, Astoria, NY 11106

34-29 31st St, Astoria, NY 11106

under contract

Asking
Sale Price
$
3100000

Property Details

Status
For Sale
Property Type
Price Summary
$
3100000
Sale Price
$
Buildable SF
5000
Building SF
5000
LOT SF
5000
Cap RATE
%
Zoning
R5

Highlights

  • Mid-block lot measuring 4,000 ft²
  • 50’ x 80’ lot dimensions
  • Low tax bill of $18,190
  • Delivered vacant
  • Ideal for investor or user
  • Proximity to N & W subway lines

Property DEscription

Landair Property Advisors has been exclusively retained to sell 34-29/31 31st St, Astoria, NY 11106. This mixed-use property is comprised of two buildings situated on a 4,000 ft² lot, with lot dimensions of 50’ x 80’. Together, the buildings total 4,700 ft² and carry a low annual tax bill of $18,190, providing investors with efficient operating expenses. In the 3- unit multifamily, there is (1) 2-bedroom unit on the 1st floor, and (2) 1- bedroom units on the 2nd floor. However, it is currently configured as a 2-unit multifamily. The property is located just 0.2 miles from both the Broadway and 36th Avenue N and W subway stations, offering quick and direct access to Manhattan. The immediate neighborhood features active retail corridors, consistent residential demand, and a growing concentration of new developments that continue to strengthen the market. This offering presents an opportunity to acquire a centrally located mixed-use property in the heart of Astoria. With low operating costs, strong transit accessibility, and exposure to one of Queens’ most established neighborhoods, the asset is well-positioned for stable income and long-term growth.

Map

Dean Abouelhassan
Senior Associate
(516) 532-5385
DA@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com
Anand Melwani
Partner
(516) 658-1222
am@landairnyc.com

Documents

Offering Memorandum
Data Room

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