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Investment Highlights

  • Great location in Astoria
  • High visibility with heavy foot traffic
  • Two bus stops and train station on 31st Street.

Executive Summary

Prime Astoria Investment Opportunity | Mixed-Use Gem Discover the ultimate addition to your real estate portfolio. Situated in the absolute heart of Astoria, this detached mixed-use property at 35-34 31st Street offers an unbeatable combination of high visibility, robust foot traffic, and exceptional versatility. Built in 1920 and structurally solid with classic brick construction, this 2-unit property is a rare find in one of Queens' most sought-after neighborhoods. Property Highlights: Optimal Layout: Featuring two distinct units spanning 1,350 square feet of total building space, maximizing your rental income potential. Finished Basement: Offers valuable extra square footage, ideal for storage, mechanical access, or supplemental operational use. Unmatched Commuter Location: Located just 0.1 miles (less than a 2-minute walk) from the nearest subway station, providing effortless, rapid access to Manhattan. Security: video surveillance cameras, and protective window bars for total peace of mind. Lot & Utilities: Sits on a 2,000 sq. ft. lot (0.05 acres) with a low-maintenance setup. Connected to public water, public sewer, natural gas heating, and standard electricity. Location, Location, Location Positioned right off 35th Avenue, this property commands excellent exposure in a vibrant, high-density residential and commercial hub. Tenants and patrons alike will love the immediate proximity to Astoria’s legendary dining scene, local cafes, shopping, and nightlife. Whether you are looking to execute a long-term buy-and-hold strategy, establish a signature business space, or capitalize on the area's soaring rental demand, this property represents a premier investment canvas.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
900 SF
Building Class
C
Year Built
1920
Price
$1,450,000
Price Per SF
$1,611.11
Tenancy
Single
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.05 AC
Zoning
R5 - R5 - Medium density district with a height limit of 40 feet
Parking
2 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
25’ on 31st Street

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway
  • Air Conditioning
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Nearby Major Retailers

Bravo Supermarkets
The Food Emporium
Buffalo Wild Wings
Foodtown
ConnectOne Bank
Dime Community Bank
Capital One
Citizens
Club Pilates
Orangetheory Fitness

Property Taxes

Property Taxes

Parcel Number
00603-0038
Land Assessment
$8,082
Improvements Assessment
$24,721
Total Assessment
$32,803
  • Listing ID: 18287558

  • Date on Market: 1/24/2020

  • Last Updated:

  • Address: 35-34 31st St, Astoria, NY 11106

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