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2850 31st St
Astoria, NY 11102
Retail Property For Sale
Investment Highlights
- Fully leased retail asset with food and beverage build-out.
- Located on a bustling retail corridor, just off 30th Avenue subway station.
- Little management responsibility, limited to roof and structural repairs and insurance.
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale the retail building located at 28-50 31st Street, Astoria, New York 11102 (the “Property”). Spanning approximately 2,000 square feet on the ground (retractable roof in the rear), with a 1,200 square foot cellar and 1,200 square foot second floor, the Property is fully leased to Fresco’s Grand Cantina. The tenant is responsible for all utilities and taxes above the base year of 2021/2022 and has a lease duration until May 2031. The Property represents the opportunity to acquire a fully leased retail building, with a full restaurant build-out, in the heart of Astoria, one of Queens’ most vibrant submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1928/2007
Price
$2,800,000
Price Per SF
$1,166.67
Tenancy
Single
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.05 AC
Zoning
C4-4A / R7A equiv. - C4 districts are mapped in regional commercial centers that are located outside of the central business districts.
Frontage
20’ on 31st Street
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Property Taxes
| Parcel Number | 00595-0034 | Improvements Assessment | $244,890 |
| Land Assessment | $87,750 | Total Assessment | $332,640 |
Property Taxes
Parcel Number
00595-0034
Land Assessment
$87,750
Improvements Assessment
$244,890
Total Assessment
$332,640
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