Mixed-Use Building - Agorafy
Mixed-Use Building FOR SALE 41-13 31st Avenue, Astoria, NY 11103 PROPERTY INDICATORS Block / Lot: 682 / 3 Lot Size: 18’ x 95’ (approx.) Lot SF: 1,783 SF (approx.) Building Size: 18.58’ x 48’ (approx.) Stories: 3 Building SF: 3,030 SF (approx.) Zoning: C1-2/R5 F.A.R.: 1.0/1.25 Assessment (14/15): $42,103 (approx.) R.E. Taxes (14/15): $8,066 (approx.)
PROPERTY DESCRIPTION The subject property is a 3-story, mixed-use building totaling approx. 3,030 SF, comprised of one retail unit on the ground floor with two 3-bedroom apartments above. It is located on the north side of 31st Avenue between 41st and 42nd Streets in Astoria, NY. The property enjoys proximity to the Grand Central Parkway, Brooklyn-Queens Expressway and the Steinway Street [M,R] subway station. Please contact us for further details. REVENUE
Gibaldi Beauty Care
Retail
10/31/21 1,248 $37.10 $3,859
$ 46,305
3-BR 3-BR
Vacant 891 02/28/15 891
$ 25,839 $ 26,640
2 spaces Vacant
SF P.P.S.F.
Annual Rent
TYPE
2nd Floor* 3rd Floor Garage Parking* Total
LXP
Monthly Rent
UNIT
$29.00 $2,153 $29.90 $2,220
N/A 3,030
N/A
$ 500
$ 6,000
$8,732
$104,784
$
8,066
$
2,500
*Projected
ASKING PRICE: $1,700,000
ESTIMATED EXPENSES (PER OWNER):
For further information or inspection, pleaseStreet, contact3rd Exclusive 205 Montague Floor Agents: Brooklyn, NY 11201 Thomas A. Donovan T: 718-238-8999 / F: 718-238-6091 Partner [email protected] 718-275-3400 x2626
Gas & Electric:
Stephen Preuss Vice President Of Sales [email protected] 718-275-3400 x2118
Real Estate Taxes (14/15):
275 Madison Avenue, 3rd Floor Water & Sewer: New York, NY 10016 Insurance: T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor $ 377 Forest Hills, NY 11375 $ 1,130 T: 718-275-3400 / F: 718-275-5478
Repairs:
$
4,300
Total:
$
16,373
Gross Annual Income: Less Expenses: Net Operating Income:
$ $ $
104,784 16,373 88,411
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
PROPERTY DESCRIPTION The subject property is a 3-story, mixed-use building totaling approx. 3,030 SF, comprised of one retail unit on the ground floor with two 3-bedroom apartments above. It is located on the north side of 31st Avenue between 41st and 42nd Streets in Astoria, NY. The property enjoys proximity to the Grand Central Parkway, Brooklyn-Queens Expressway and the Steinway Street [M,R] subway station. Please contact us for further details. REVENUE
Gibaldi Beauty Care
Retail
10/31/21 1,248 $37.10 $3,859
$ 46,305
3-BR 3-BR
Vacant 891 02/28/15 891
$ 25,839 $ 26,640
2 spaces Vacant
SF P.P.S.F.
Annual Rent
TYPE
2nd Floor* 3rd Floor Garage Parking* Total
LXP
Monthly Rent
UNIT
$29.00 $2,153 $29.90 $2,220
N/A 3,030
N/A
$ 500
$ 6,000
$8,732
$104,784
$
8,066
$
2,500
*Projected
ASKING PRICE: $1,700,000
ESTIMATED EXPENSES (PER OWNER):
For further information or inspection, pleaseStreet, contact3rd Exclusive 205 Montague Floor Agents: Brooklyn, NY 11201 Thomas A. Donovan T: 718-238-8999 / F: 718-238-6091 Partner [email protected] 718-275-3400 x2626
Gas & Electric:
Stephen Preuss Vice President Of Sales [email protected] 718-275-3400 x2118
Real Estate Taxes (14/15):
275 Madison Avenue, 3rd Floor Water & Sewer: New York, NY 10016 Insurance: T: 212-696-2500 / F: 212-696-0333
118-35 Queens Boulevard, 14th Floor $ 377 Forest Hills, NY 11375 $ 1,130 T: 718-275-3400 / F: 718-275-5478
Repairs:
$
4,300
Total:
$
16,373
Gross Annual Income: Less Expenses: Net Operating Income:
$ $ $
104,784 16,373 88,411
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
118-35 Queens Blvd. • 14th Floor • Forest Hills, NY 11375 • 718.275.3400 • Fax 718.275.5478 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
