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3710 31st Ave
Astoria, NY 11103
Multifamily Property For Sale
·
8 Units


Investment Highlights
- Modern 2013 Construction with Low-Maintenance Operations
- In Place Residential & Retail Income Streams
- Located in One of Astoria's Most Established Commercial Corridors
- Walkable Location Surrounded by Dining, Retail & Transit
Executive Summary
37-10 31st Avenue presents a rare opportunity to acquire a modern mixed-use asset along one of Astoria's most active and highly trafficked commercial corridors. Constructed in 2013, the property consists of residential units above a prominent ground-floor retail component, providing a diversified income stream within one of Queens' most established rental markets. The asset benefits from contemporary construction, updated building systems, and select private balconies, contributing to a low-maintenance operating profile and limited near-term capital expenditure requirements. Positioned in the heart of Astoria, the property offers immediate access to the N/W subway lines, providing direct connectivity to Midtown Manhattan while placing residents and retailers within walking distance of the neighborhood's most vibrant dining, shopping, and entertainment corridors. Supported by strong underlying market fundamentals, durable demand drivers, and an irreplaceable location, 37-10 31st Avenue offers investors the opportunity to acquire a turnkey asset with stable cash flow, operational efficiency, and long-term appreciation potential in one of New York City's most resilient submarkets. Please see attached offering materials for additional information.
Property Facts
| Price Per Unit | $1,146,973 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 8 | Building Size | 8,336 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2013 |
| Zoning | C1-3/R6A - https://www.nyc.gov/site/planning/zoning/districts-tools/c1-c2-overlays.page https://www.nyc.gov/site/planning/zoning/districts-tools/r6.page | ||
| Price Per Unit | $1,146,973 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.16 AC |
| Building Size | 8,336 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2013 |
| Zoning | C1-3/R6A - https://www.nyc.gov/site/planning/zoning/districts-tools/c1-c2-overlays.page https://www.nyc.gov/site/planning/zoning/districts-tools/r6.page |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Number | 00657-0041 | Improvements Assessment | $933,633 CAD |
| Land Assessment | $95,624 CAD | Total Assessment | $1,029,257 CAD |
Property Taxes
Parcel Number
00657-0041
Land Assessment
$95,624 CAD
Improvements Assessment
$933,633 CAD
Total Assessment
$1,029,257 CAD
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