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Mixed-Use in Astoria 3431 31st St 4,700 SF 100% Leased Retail Building Astoria, NY 11106 $3,100,000 ($659.57/SF)
Investment Highlights
- Mid-block lot measuring 4,000 ft²
- Low tax bill of $18,190
- Ideal for investor or user
- 50’ x 80’ lot dimensions
- Delivered vacant
- Proximity to N & W subway lines
Executive Summary
Landair Property Advisors has been exclusively retained to sell 34-29/31 31st St, Astoria, NY 11106. This mixed-use property is comprised of two buildings situated on a 4,000 ft² lot, with lot dimensions of 50’ x 80’. Together, the buildings total 4,700 ft² and carry a low annual tax bill of $18,190, providing investors with efficient operating expenses. In the 3 unit multifamily, there is (1) 2-bedroom unit on the 1st floor, and (2) 1-bedroom units on the 2nd floor. However, it is currently configured as a 2-unit multifamily.
The property is located just 0.2 miles from both the Broadway and 36th Avenue N and W subway stations, offering quick and direct access to Manhattan. The immediate neighborhood features active retail corridors, consistent residential demand, and a growing concentration of new developments that continue to strengthen the market.
This offering presents an opportunity to acquire a centrally located mixed-use property in the heart of Astoria. With low operating costs, strong transit accessibility, and exposure to one of Queens’ most established neighborhoods, the asset is well-positioned for stable income and long-term growth
The property is located just 0.2 miles from both the Broadway and 36th Avenue N and W subway stations, offering quick and direct access to Manhattan. The immediate neighborhood features active retail corridors, consistent residential demand, and a growing concentration of new developments that continue to strengthen the market.
This offering presents an opportunity to acquire a centrally located mixed-use property in the heart of Astoria. With low operating costs, strong transit accessibility, and exposure to one of Queens’ most established neighborhoods, the asset is well-positioned for stable income and long-term growth
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,700 SF
Building Class
C
Year Built
1910
Price
$3,100,000
Price Per SF
$659.57
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
25’ on 31St St
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 00608-0017 | Improvements Assessment | $76,050 |
| Land Assessment | $36,000 | Total Assessment | $112,050 |
Property Taxes
Parcel Number
00608-0017
Land Assessment
$36,000
Improvements Assessment
$76,050
Total Assessment
$112,050
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Mixed-Use in Astoria | 3431 31st St
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