21-21 31st St
Astoria, NY 11105
The Rowan Astoria - Retail Condo · Multifamily Property For Sale · 46 Units

RIPCO REAL ESTATE has been retained on an exclusive basis to arrange the sale of 21-21 31ST STREET, RTL — in Astoria, Queens (the ‘Property’). The Property is a two-unit retail condo located on the ground floor and lower-level portion of Astoria’s newest luxury mixed-use development – “The Rowan”. Retail “A”, occupied by Lincoln Market, is comprised of 16,750 SF throughout the ground floor, cellar, and subcellar spaces. Lincoln Market is a full-service local supermarket, providing the freshest and finest products to their neighborhoods. With already four locations throughout Brooklyn and another opening in NYC, the Property represents Lincoln Market’s exciting expansion into Astoria’s already thriving retail district. Retail “B” Northwell Health – New York’s largest healthcare provider, occupies 8,511 SF of ground floor space. Northwell Health executed a 12-year lease with two option periods demonstrating Northwell’s commitment to Astoria and this location. Both retail units are currently in the build-out phase and expected to open for business by 2023. The Rowan, an amenity-rich residence, was completed earlier this year and contains 46 residential condos, all of which have been sold. It presents the ideal location for medical and grocery retailers to take advantage of the demands of a robust and thriving community. Additionally, the building offers a contactless automated parking system which can be accessed by apartment owners and retail patrons creating an added convenience for customers. The Property benefits from the surrounding area’s rich history and local charm. Home to some of the NYC’s best restaurants, bars & cafe’s, such as Taverna Kyclades & Trattoria L’incontro, the Ditmars section of Astoria is a haven for culinary adventurers. 21-21 31st Street is conveniently located within a five-minute walk from the Ditmars Blvd subway station where patrons can access the N & W trains offering a 28-minute ride to Midtown East. For more information about this opportunity or to arrange a property inspection, please contact the exclusive brokers.