3093 38th St - Apartments FOR SALE


Astoria, NY 11103- Downtown Astoria
$5,650,000 USD
925-285-3075
3093 38th St, Astoria, NY for Sale
$5,650,000 USD
Apartments - FOR SALE
1/5
null | 5.58% Cap Rate

3093 38th St
Astoria, NY 11103
Downtown Astoria


HIGHLIGHTS

  • Prime Corner + High Real Estate Fundamentals
  • High End Renovations
  • East to Manage
  • Multiple Tax Abatements

OVERVIEW

Introducing 38-01 31st Avenue, Astoria - an exceptional eleven unit mixed use building that offers a perfect blend of residential and commercial spaces. This four-story building boasts nine tastefully designed residential units and two expansive commercial units, all spread across a prime location in Astoria, NY. Step inside this remarkable property and you'll immediately appreciate the stunning interiors that have been crafted to perfection. Each residential unit is well thought out, creating a comfortable and inviting space that residents will love to call home. Meanwhile, the two commercial units on the ground floor provide the perfect opportunity for entrepreneurs and business owners to establish a thriving business in a high-traffic area. As an added bonus, this property benefits from a 421A tax abatement lasting until 2031, providing significant tax savings for years to come. The commercial units also benefit from an ICAP tax abatement until 2030, further enhancing the appeal of this investment opportunity.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$569 USD /SF

# OF UNITS

9

PRICE/UNIT

$627,778

CAP RATE

5.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R6A, C1-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Faisal GilaniNY Space FindersMore Info
925-285-3075

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Faisal GilaniNY Space FindersMore Info
925-285-3075

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