• For Sale
  • Asking Price 4,298,000 USD 
  • Build Size: 7,500 ft2
  • Land Size: 7,500 ft2
  • Bedroom: 7
  • Bathroom: 7
Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of 11-36 31st Avenue located right between the LIC and Astoria Border. Built in 1930, this fully occupied 4 story mixed-use building consists of 5 residential apartments and 1 commercial office space on the ground floor. This offering represents a unique opportunity for investors to purchase an extremely well maintained building in a prime location with tremendous upside. Each apartment in the building has been meticulously renovated in the last 2 years. The building also has 2,500 SF of air rights that can be used to build 2 additional apartments by raising the building to 5 stories.

Please contact the listing agents for more information.

Financial Information:
- Gross Rental Income: $236k
- Total Expenses: $34k
- NOI: $202k
- Net Cap Rate 4.7%

Building Information:
- Residential Units: 5
- Commercial Units: 1
- Building Size: 25 x 75
- Lot Size: 25 x 100
- Zoning: R7A
- FAR: 4
- Unused FAR: 2,500
- Total Current Building SF: 7,500


Rick Rosa
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Douglas Elliman Real Estate has been retained on an exclusive basis for the sale of , Queens, New York, United States is a 7,500ft2 Queens luxury listed for sale Asking Price 4,298,000 USD. This high end Queens is comprised of 7 bedrooms and 7 baths. Find more luxury properties in Queens or search for luxury properties for sale in Queens.