Exceptional mixed use investment opportunity on a prime corner lot in the heart of Astoria !


Property

Website: https://www.nestseekers.com/5337884
Address:
New York, NY 11102
Ownership: For Sale
Type: mixed-use
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$3,488,000
Annual Taxes:$16,507.56

Description

Exceptional mixed-use investment opportunity on a prime corner lot in the heart of Astoria! Situated on a 25 x 100 lot with R6B zoning and a C1-3 commercial overlay, this unique property features two buildings on one lot, offering incredible versatility for investors and end users alike. The first residential building features a spacious 4-bedroom apartment and a 3-bedroom apartment, along with a finished basement that adds additional usable space. The second mixed-use building includes a 3-bedroom apartment and a 2-bedroom apartment above a ground-floor storefront, and the sale includes the established business, creating immediate income potential. Additional highlights include a private driveway, a rare and valuable feature in this highly desirable neighborhood. Located just minutes from the vibrant dining, shopping, and entertainment scene along Steinway Street and close to beautiful waterfront views at Astoria Park. Commuting is a breeze with convenient access to the New York City Subway, including the nearby N train and W train, providing a quick commute to Manhattan and throughout Queens. This is a rare chance to own a high-income producing mixed-use property in one of Queens’ most sought-after neighborhoods, with relatively low taxes for a commercial property and strong long-term growth potential.

Amenities

  • Bathrooms
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Walk Up
  • Water Connected

Contact

47-44 Vernon Blvd, Long Island City, NY 11101
Listing Courtesy of ERA/Top Service Realty Inc