2834 38th St | Astoria, NY 11103
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2834 38th St
Astoria, NY 11103
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 421A Tax Abatement until 2027
- Laundry facility with direct apartment chutes.
- Elevator
- ductless ac
EXECUTIVE SUMMARY
This property in Astoria presents an excellent investment opportunity with its mix of residential and commercial spaces. Key features include a 421A Tax Abatement until 2027, and a dynamic mix of 8 residential units and 1 commercial space spread across 5 floors. With modern architecture, and a convenient location in the heart of Astoria, this property offers both investors and residents an exceptional opportunity for long-term financial gain and comfortable living. Investors can capitalize on the property's prime positioning and attractive features to maximize returns and diversify their investment portfolio.
Can be sold with
25-34 31st St, Astoria & 37-10 31st Ave, Astoria.
Full set up attached.
Can be sold with
25-34 31st St, Astoria & 37-10 31st Ave, Astoria.
Full set up attached.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
2010
Price
$4,600,000
Price Per SF
$1,533.33
Cap Rate
6.51%
NOI
$299,652
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
1.15
Lot Size
0.06 AC
Zoning
R5B - R5 - Medium density district with a height limit of 40 feet
AMENITIES
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 00661-0034 | Improvements Assessment | $410,948 |
| Land Assessment | $194,470 | Total Assessment | $605,418 |
PROPERTY TAXES
Parcel Number
00661-0034
Land Assessment
$194,470
Improvements Assessment
$410,948
Total Assessment
$605,418
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