31-28 38th St - Apartments FOR SALE


Long Island City, NY 11103
$4,998,888 USD
347-490-3901
31-28 38th St, Long Island City, NY for Sale
$4,998,888 USD
Apartments - FOR SALE
1/1
null | 6% Cap Rate

31-28 38th St
Long Island City, NY 11103


HIGHLIGHTS

  • Luxury Seven-Unit Apartment Building with Community Facility – Ideal for Rental or Condo Conversion.
  • This boutique residence is surrounded by a vibrant mix of restaurants, cafés, shops, and entertainment, providing an unbeatable urban lifestyle.

OVERVIEW

Luxury Seven-Unit Apartment Building with Community Facility – Ideal for Rental or Condo Conversion Presenting a partially finished seven-unit apartment building with an additional community facility, offering the perfect opportunity for investors. Located in the heart of Astoria, this boutique residence is surrounded by a vibrant mix of restaurants, cafés, shops, and entertainment, providing an unbeatable urban lifestyle. The building features condo-grade finishes, a premium window package, and stunning herringbone wood floors throughout, creating an unparalleled living experience. Each spacious residence includes a private balcony, seamlessly blending indoor and outdoor living. The crown jewel of the building, the penthouse duplex, showcases double-height windows and 22-foot ceilings, flooding the space with natural light. Meanwhile, the first-floor duplex offers two full bathrooms and an expansive 1,000-square-foot private backyard, a rare find in urban living. Whether positioned as high-end rentals or luxury condominiums, this exceptional property offers a combination of elegance, comfort, and investment potential in one of Queens’ most sought-after neighborhoods. Featured Commercial Sales.

FOR SALE DETAILS

PRICE

$4,998,888 USD

PRICE/SF

$1,000 USD /SF

# OF UNITS

7

PRICE/UNIT

$714,127

CAP RATE

6%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Unit Building For Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R6B

APN/PARCEL ID

00657-0052

ASK ABOUT THIS PROPERTY

Devin NavarroNY Space FindersMore Info
347-490-3901

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Devin NavarroNY Space FindersMore Info
347-490-3901

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