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31- 11 43rd Street

3 Unit Block of Flats £1,301,850 (£433,950/Unit) Astoria, NY 11103

Executive Summary

The property at 31-11 43rd Street (or 43-02 Newtown Road) in Central Astoria is an extremely rare opportunity to own a corner brick building consisting of 3 floors, 2 residential units, 1 commercial unit and a 4-car garage.
The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential.
The second and third floor residential units have high ceilings, triple exposure, 10 windows, two bedrooms, an eat-in-kitchen, and a windowed bath.
The ground floor commercial space has 11-foot ceiling heights with frontage on Newtown Road and 43rd Street.
The full basement provides additional space for potential expansion.
The property boasts a coveted 4-car garage.
Location, location, location. The property is situated 3 blocks from Steinway Street, 1 block from 30th Avenue and 1 block from Broadway.
The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential.
Other Information: 43-02 Newtown Road/31-11 43rd Street
Astoria, NY 11103
Block 693
Lot 36
Lot Size: 22.67 x 97
Building Class S2
Tax Class 1 - Small Home, Less Than 4 Families
R5 Zoning
FAR 1.25
According to public records, the building has an existing gross floor area of 1,998 square feet with an unbuilt floor area of 312 square feet.
The property is adjacent to a block that was recently upzoned.
The building will be delivered vacant.
Annual Property Tax: $8,260.16
Prospective buyers are advised to independently verify all information with the buyer's real estate attorney and architect.

Property Facts

Price £1,301,850
Price Per Unit £433,950
Sale Type Investment
No. Units 3
Property Type Residential
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Townhome
Building Class C
Lot Size 0.04 AC
Building Size 2,300 SF
Number of Floors 3
Year Built 1930
Parking Ratio 1.74/1,000 SF
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (72)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00693-0036
Land Assessment
£6,401
Improvements Assessment
£28,037
Total Assessment
£34,438

zoning

Zoning Code R5 (Medium density district with a height limit of 40 feet.)
R5 (Medium density district with a height limit of 40 feet.)
  • Listing ID: 31772131

  • Date on Market: 11/05/2024

  • Last Updated:

  • Address: 31- 11 43rd Street, Astoria, NY 11103

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