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Mixed-Use

31-17 23rd Ave

31-17 23rd Ave, Queens, NY 11105

Listing Price: $2,250,000

Cap Rate
3.64%
Gross SF
2,750
Rentable SF
2,750
Price/Gross SF
$818.18
Lot Size
0.04 acres
Year Built
1931

Investment Overview

The subject offering is a 2,750 SF mixed-use property located on 23rd Avenue right off of 31st Street in prime Astoria (Queens), New York. The first floor is currently occupied by Optimum Eye Care who has a ten-year lease that ends in 2027. They are responsible for all real estate taxes. The second floor is currently a 1,100 SF vacant office with its own separate entrance. The property has a zoning of C4-3 that allows 5,525 total buildable SF. The property is one block from the "N" and "W" train that run directly into Manhattan. The N train is the “Broadway Express” line that runs from Queens through Manhattan and ends in Brooklyn. This is a opportunity to own a mixed-use building in one of the best locations in Queens.

Investment Highlights

  • 2,750 SF Two-Story Mixed-Use Building
  • Ground Floor Retail is Leased Long-Term Thru 2027
  • Solid Neighborhood Location – One Block From the Subway (Ditmars Blvd Station), Right off the Corner of 31st Street

Exclusively Listed By

Listing Price: $2,250,000

Cap Rate
3.64%
Gross SF
2,750
Rentable SF
2,750
Price/Gross SF
$818.18
Lot Size
0.04 acres
Year Built
1931

Investment Highlights

  • 2,750 SF Two-Story Mixed-Use Building
  • Ground Floor Retail is Leased Long-Term Thru 2027
  • Solid Neighborhood Location – One Block From the Subway (Ditmars Blvd Station), Right off the Corner of 31st Street

Investment Overview

The subject offering is a 2,750 SF mixed-use property located on 23rd Avenue right off of 31st Street in prime Astoria (Queens), New York. The first floor is currently occupied by Optimum Eye Care who has a ten-year lease that ends in 2027. They are responsible for all real estate taxes. The second floor is currently a 1,100 SF vacant office with its own separate entrance. The property has a zoning of C4-3 that allows 5,525 total buildable SF. The property is one block from the "N" and "W" train that run directly into Manhattan. The N train is the “Broadway Express” line that runs from Queens through Manhattan and ends in Brooklyn. This is a opportunity to own a mixed-use building in one of the best locations in Queens.

Exclusively Listed By

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