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.
