Marcus & Millichap - Tri Borough Multi-Family

2502 – 2508 31st Street

2502 - 2508 31st Street
Astoria, Queens

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Price: $8,000,000
Year Built: 1957
Building Size: 2,439 Square Feet
Lot Size: 4,634 Square Feet
Property Type: Mixed-use
Exclusive Listing Team:
Property Status: Under Contract

Investment Overview

Marcus & Millichap is pleased to offer 2502 – 2508 31st Street – Astoria, Queens NY, located between Astoria Boulevard and Hoyt Avenue South in Astoria Queens, New York.

The subject property, 2502 – 2508 31st Street, is a two-story Multi-Story Retail Building that consists of three street level retail units and two second floor commercial units. The property is built 25 feet by 92 feet and sits on a 25 foot by 92.17 foot lot with approximately 4,634 gross square feet. The property is zoned C4-3 allowing for approximately 7,073 gross square feet of available air rights (Block: 00838 Lot: 0108)

This property offers investors, for the first time in over 45 years, the rare opportunity to purchase a mixed use building with over 140 feet of retail frontage on two corners located directly in front of the entrance to a busy Subway Station with available air rights in the heart of Astoria Queens, NY

Investment Highlights

  • Prime Dual Corner Mixed Use Building Directly in the Heart of Astoria
  • Located directly in front of the Astoria Blvd Subway Station | Annual Subway Ridership 2,303,435
  • Over 140 Feet of Retail Frontage on 31st Street, Astoria Blvd & Hoyt Avenue S
  • First Sale in over 45 Years
  • C4-3 Zoning Allowing for Approximately 7,000 square feet of Available Air Rights
  • Building in Good Condition
  • Located between entrances to the Triborough Bridge, BQE & Grand Central Parkway