25-56 31st Street & 26-37 30th Street
Astoria, NY
11102
$11,750,000
- Development Site Advisors® has been hired exclusively by ownership to offer for sale 25-56 31st Street & 26-37 30th Street in Astoria, Queens (the “Assemblage”) to qualified investors and developers.
- The Assemblage comprises of four (4) adjoining lots that form a block-through development site on 31st Street and 30th Street between Astoria Boulevard and Newtown Avenue. The lots on 31st Street are currently improved by a single-story retail building and a 3-story retail + office building, totaling 12,550 sq. ft, and a vacant parking lot. The lots on 30th Street are improved by a 902 sq. ft. single-story one-family home and a vacant parking lot.
- There is a NNN tenant in place until June 30, 2023, paying $32,619.33 per month ($391,431.96/Annum) plus all expenses and Real Estate Taxes. This allows a developer to collect triple net income while they get their plans filed.
- This Assemblage has been owned by the same family for over 50 years, making this a truly unique opportunity.