The Forray Team @ The Corcoran Group is proud to exclusively represent 25-36 & 25-38 31st street. An incredible opportunity for Users, Investors & Developers alike. Located in Bustling Astoria, one of Queens strongest growth neighborhoods.

The offering is for Two (2) consecutive 25 foot wide mixed use buildings, consisting of 2 units over retail store for a total of 4 residential units and two retail stores. Each individual lot is 25' x75" for a total of 50'x75 3,750SF. The buildings existing SF is 6,800 SF above grade and 1,200SF of cellar totaling estimated 8,000SF Gross. In addition to the stand alone value of the two buildings, there is a redevelopment/new development opportunity. The existing C4-3 zoning yields a max FAR of 3.4 for an estimated 12,750 SF total buildable SF (to be independently verified). Please note that all apartments are FREE MARKET Projected Cap Rate 5.49%

Located on bustling 31st Street just steps from the N&W Subway, and Astoria BLVD. Situated on a prime commercial block in the neighborhood, the buildings boast close proximity to the N and W Subway Stations. Surrounded by a range of major retail names such as Starbucks is just around the corner) and a plethora of new residential developments, the block houses unlimited potential! Can also be sold separately

Property Details of 2536-2538 31st Street, Unit NA

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Listed by Christopher Cavorti and Marvin Chu of Corcoran Group

Based on information submitted to REBNY as of August 8, 2022 11:49 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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