Overview

Rarely available, mixed-use 5 family building located on one of Astoria’s main thoroughfares, 31st ave and just a few short blocks from the N train. Discover this fantastic investment opportunity in the heart of Astoria’s business district with five free market units and one storefront. This well-maintained property includes four 1-bedroom apartments and one 2-bedroom apartment, all currently occupied on a month-to-month basis. The storefront is occupied, benefiting from the high foot traffic on 31st Ave and bolstered by the Open Streets Astoria initiative, where 31st Ave is closed to motorists for community events every Saturday and Sunday from April 20th to December 31st. 31st Ave is a vibrant artery in the neighborhood, dotted with some of Astoria’s trendiest eateries and shops. The building is surrounded by a dynamic blend of small businesses, making it an attractive walkable spot for tenants and customers alike. With its prime location and the added benefit of significant pedestrian traffic, this property offers tremendous upside for savvy investors or for those looking to purchase a building in which to locate their business. Setup available upon request.