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25-34 31st St

16 Unit Block of Flats £9,875,125 (£617,195/Unit) 4.48% Net Initial Yield Astoria, NY 11102

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Investment Highlights

421A Tax abatement until 2031
City views from the roof
Elevator

laundry facility
8 underground parking spots

Executive Summary

This prime investment opportunity in Astoria presents an excellent investment opportunity with its mix of residential and commercial spaces. Key features include a 421A Tax Abatement until 2032, 8 underground parking spaces, and a dynamic mix of 16 residential units and 1 commercial space spread across 7 floors. With modern architecture, luxurious amenities, and a convenient location in the heart of Astoria, this property offers both investors and residents an exceptional opportunity for long-term financial gain and comfortable living. Investors can capitalize on the property's prime positioning and attractive features to maximize returns and diversify their investment portfolio.
Property can be sold with
37-10 31st Ave & 28-34 38th St.
Full Set Up Attached.

Queens Portfolio 3

Property Facts

Price	£9,875,125	Apartment Style	Mid Rise
Price Per Unit	£617,195	Building Class	B
Sale Type	Investment	Lot Size	0.09 AC
Net Initial Yield	4.48%	Building Size	14,702 SF
No. Units	16	Number of Floors	7
Property Type	Residential	Year Built	2016
Property Subtype	Apartment General Retail Storefront Retail/Residential	Parking Ratio	0.54/1,000 SF

Price	£9,875,125
Price Per Unit	£617,195
Sale Type	Investment
Net Initial Yield	4.48%
No. Units	16
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Mid Rise
Building Class	B
Lot Size	0.09 AC
Building Size	14,702 SF
Number of Floors	7
Year Built	2016
Parking Ratio	0.54/1,000 SF

1 of 1

Walk Score ®

Walker's Paradise (99)

Transit Score ®

Excellent Transit (84)

Bike Score ®

Very Bikeable (73)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	00598-0038	Improvements Assessment	£935,332
Land Assessment	£127,271	Total Assessment	£1,062,603

PROPERTY TAXES

Parcel Number

00598-0038

Land Assessment

£127,271

Improvements Assessment

£935,332

Total Assessment

£1,062,603

zoning

Zoning Code	C4-3 (C4 districts are mapped in regional commercial centers that are located outside of the central business districts.)
C4-3 (C4 districts are mapped in regional commercial centers that are located outside of the central business districts.)