For Sale
$3,399,000

38-18 31St St Long Island City, NY 11101

Prime location, high buildable FAR.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional Long Island City investment opportunity presents a rare double lot development site at 38-18 & 38-20 31st Street, Queens, NY 11101. The property encompasses a combined 4,504 square feet (2,250 sq ft and 2,254 sq ft) and is zoned M1-2/R6A. This allows for significant redevelopment potential, with a combined 13,512 buildable square feet of Air Rights. Each lot, measuring 25x90 feet, offers individual buildable square footage. Building 1, with 2,250 square feet, has a FAR of 4 (Residential) and 2 (Commercial), allowing for 6,750 square feet of development. Building 2, at 2,254 square feet, mirrors these zoning regulations and FAR, offering an additional 6,762 square feet of buildable space. This prime location, situated under the subway on 31st Street, presents a unique chance to create substantial multifamily housing in a highly desirable area of Long Island City/Astoria. The asking price for this exceptional redevelopment opportunity is $3,399,000.

Property Details for 38-18 31St St

Property type
Apartment buildings
Class
C
Buildings
2

Location Insight

City
Long Island City
County
Queens
State
New York
Latitude
40.753289362346
Longitude
-73.932409713654

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FAQs

What type of property is this?
Apartment building - Prime location, high buildable FAR.
Where is the apartment building located?
The property is located at 38-18 31St St Long Island City, NY.
What is the asking price?
The asking price for this property is $3,399,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Property Records

Contacts

Tony Hack
Tony Hack
Brent Seberhagen
Brent Seberhagen
Visit Broker Website

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Useful Information

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31St St
Long Island City, NY 11101

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31St St
Long Island City, NY 11101

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

38-18 31St St
  • Tony Hack
    Tony Hack
  • Brent Seberhagen
    Brent Seberhagen
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