2631 3rd Street, Astoria, NY 11102

$13,500,000
Active for Sale
 
Listing ID 11672472
Property Type Multi-Unit (5+)
County Queens
Township Astoria
Neighborhood Long Island City
FEMA Flood Map fema.gov/portal
Year Built 2024
   
Virtual Tour

UPSIDE! UPSIDE! 421A Tax Abatement thru Year 2059

Welcome to 2631 3rd St Astoria, NY 11102 A High Demand luxury Rental Market With easy Travels to Manhattan And the outer Boroughs. Surrounded By New Luxury High rise Rentals & Luxury Condo developments This Asset presents a Great opportunity to acquire a newly constructed Luxury Rental building with Great tax incentives and long-term upside. This Five -story elevator property features 16 residential units-ranging from studios , 1 bedrooms & two-bedrooms All Built With Modern Standards And Condo Finishes , Tenants are Responsible For All Utilities , Building Also Features a 4915 SQ Ft Community Facility Delivered Vacant Giving The New Owner Flexibility In Pricing . The building benefits from 421a tax abatement through 2059 offering significant savings and enhanced investment returns. Located in a rapidly evolving neighborhood Of Halets Cove...
Property Details
  • Built in 2024
  • 5 Stories
  • Available 3/12/2026
  • Full Basement
  • Lower Level: Finished
Unit Information

No unit information was entered.

Interior Features
  • Hardwood Flooring
  • Alarm System
  • Fire Sprinklers
  • Forced Air
  • Electric Fuel
  • Central A/C
Exterior Features
  • Masonry - Concrete Block Construction
  • Masonry Siding
  • Rubber Roof
  • Flat Roof
  • Built In (Basement) Garage
  • 7 Garage Spaces
  • Municipal Water
  • Municipal Sewer
  • Water View
  • City View
  • New Construction
  • Handicap Features
  • Near Bus
  • Near Train
Commercial Info
  • 1 Passenger Elevator
  • 7 Parking Spaces
  • 4.66% Cap. Rate
Income/Expenses
  • Gross Income $755,592
  • Net Income $629,478
  • Paid by Landlord: Water, Cleaning, Insurance, Ord. Maint., Struct. Maint.
Listed By
EAST COAST NEW YORK
Office: 718-428-2900
Mobile: 347-472-2216
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