2538 35th St - Apartments FOR SALE


Astoria, NY 11103
$1,400,000 USD
516-508-8189
2538 35th St, Astoria, NY for Sale
$1,400,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2538 35th St
Astoria, NY 11103


HIGHLIGHTS

  • Large 1,260 floorplates.
  • Delivered vacant.

OVERVIEW

Modern Spaces Commercial + Investment Division has been retained on an exclusive basis to market for sale 25-38 35th Street in Astoria. The rectangular lot is approximately 2,500 square feet with a zoning designation of R6B yielding approximately 5,000 buildable square feet for residential development or additions to the existing structure. The lot is currently improved with a two-family building along with two garages. The existing building offers the opportunity for renovation into multiple configurations with additional residential units. The property is located on a quiet tree-lined residential block just 2 blocks from the N/W Astoria Boulevard subway station and one-half block from the Grand Central Parkway with quick access to the RFK Bridge and Manhattan. Adding to the features of the location is the enhanced safety factor. The NYPD 114th Police Department is located at the corner of 35th Street and Astoria Boulevard, also one-half block away. Delivered vacant, given its size and location, the property poses an excellent opportunity for an investor, Owner/User, or developer looking to invest in one of the fastest growing neighborhoods in NYC.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

2

PRICE/UNIT

$700,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6B

APN/PARCEL ID

00632-0049

ASK ABOUT THIS PROPERTY

Evan DanielModern SpacesMore Info
516-508-8189

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Evan DanielModern SpacesMore Info
516-508-8189

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.