MLS#1055146
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLQueens 30
Property Description
Prime Mixed-Use Investment Opportunity in Astoria, NYSituated on a high-visibility corner lot at 3801 31st Avenue, just off Steinway Street, this remodeled mixed-use building is a rare opportunity in the heart of Astoria. Boasting nine spacious one-bedroom residential units and two generously sized commercial spaces, this C1-3/R6A zoned property offers a perfect blend of residential comfort and commercial appeal.Each unit is thoughtfully designed with central HVAC, tasteful finishes, and modern fittings. The building benefits from exceptional exposure in a densely populated, high-traffic neighborhood, making it an ideal location for both residents and businesses alike.A 421A tax abatement, effective until 2031, significantly reduces tax burdens on the residential units, ensuring strong long-term savings for investors. Additionally, the commercial units benefit from an ICAP tax abatement through 2030, further enhancing profitability.Conveniently located just minutes from the M and R subway lines at Steinway Street and multiple bus routes, the property offers excellent accessibility to Midtown Manhattan and beyond. This turnkey investment presents an unparalleled opportunity in one of Queens' most sought-after neighborhoods. Don't miss out on this high-yield asset with unbeatable tax incentives and prime location benefits!
Property Features
Property Type: Commercial - Multiple
Basement: See Remarks
Cooling: Central Air
Heating: Ducts
Lot Size: 0.07 Acres
Stories: 4.0
Taxes: $65,268
Year Built: 1970
Feature Descriptions
Building Area Total: 9932
Building Features: Built-in-Features
Business Type: Bar/Tavern/Lounge, Commercial, Deli/Catering, Food & Beverage, Residential
Days on Site: 5
Exterior: Stucco
Lot Features: City Lot, Corner Lot, Near Public Transit, Views
On Market Date: 2026-10-03
Parcel Number: 00660-7503
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Special View Info: Bridge(s), City, Neighborhood
Units: 11
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected
Water: Public
Local Schools
School District: Queens 30
Listed By / Shown By
Listing By
Agency Name: NY Space Finders Inc
Agency Contact: 516-801-6181
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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3801 31st Avenue | MLS# 1055146
This commercial property located at 3801 31st Avenue , Astoria, NY 11103 is currently listed for sale with an asking price of $5,600,000. 31st Avenue is located within the Queens 30 school district. Search Astoria real estate on www.coldwellbankerchoice.com today.