11 -36 31st AvenueLoading

Townhouse For Sale Queens, New York City

Web ID # RPLU-5121200588

Listed: 09/09/2021

Days on Market: 969 days

$4,298,000

7,500 ft2 Approx. $573 per ft2 7 Beds 8 Baths

Monthly Mortgage Est.: $.../month

11 -36 31st Avenue
11 -36 31st Avenue
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11 -36 31st Avenue
11 -36 31st Avenue
11 -36 31st Avenue
11 -36 31st Avenue

Townhouse For Sale Queens, New York City

Web ID # RPLU-5121200588

Listed: 09/09/2021

Days on Market: 969 days

7,500 ft2 Approx. $573 per ft2 7 Beds 8 Baths

Monthly Mortgage Est.: $.../month

  Listing Courtesy of Douglas Elliman Real Estate

  JUAN ROSA

Buyer's Agent

Gea Elika

 212-590-0540

  [email protected]

Inquire about 11 -36 31st Avenue


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Description

Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 11-36 31st Avenue located right between the LIC and Astoria Border. Built in 1930, this fully occupied 4 story mixed-use building consists of 5 residential apartments and 1 commercial office space on the ground floor. This offering represents a unique opportunity for investors to purchase an extremely well maintained building in a prime location with tremendous upside. Each apartment in the building has been meticulously renovated in the last 2 years. The building also has 2,500 SF of air rights that can be used to build 2 additional apartments by raising the building to 5 stories.

Please contact the listing agents for more information.

Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%

Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500

Building Information

  • Building Type: Walk-up

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