42-20 34th AVE Active Save Request In-Person Tour Request Virtual Tour
Astoria,NY 11101
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY821113
Rental Info No
Year Built 1920
Annual Tax Amount $7,192
Property Sub-Type Mixed Use
Source onekey2
Property Description
Great Opportunity for an investor .. Corner property in a hight desirable Opportunity Zone in the heart of a major redevelopment area.
2 Large, Whole -floor residential units are without a lease and have potential for 100%+ rent increase. Building is violation-free and all up to code.
Roof and skylight/hutch/coping all done in 2023. All utilities (gas heat) less than 8 years old. 2 market-rate residential units have no lease/can be delivered vacant (currently paying 50% below market). As-is can rent for $3,000, fully renovated can rent for $3,500 each.
Store has lease in place until 2033 with rent at $3300 in 2025 and incremental increases until 2033.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Cable Available,Electricity Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None