7
See all 7 photos
$2,195,000
Est. payment /mo
10 BD
4 BA
Pending
11-27 31st DR Long Island City, NY 11106
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UPDATED:
12/04/2024 10:50 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEYL3515406
Style Colonial
Bedrooms 10
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1916
Annual Tax Amount $7,500
Lot Dimensions 26.42x100
Property Description
This detached 4-family property is an excellent opportunity for both development and income investment. It boasts a strategic location with zoning designated as R7A and a generous FAR (Floor Area Ratio) of 4. This means there's significant potential for construction with a total buildable area of 10,560 square feet. The property is versatile, offering options for development or for living in one unit while generating rental income from the others. The property's location is a strong selling point, as it is conveniently situated close to various amenities, including bus routes, the NYC Ferry, Socrates Sculpture Park, Costco, and more, making it appealing for both residents and potential renters. In summary, this detached 4-family property offers a blend of development potential and steady rental income, making it a versatile and attractive investment opportunity in a desirable location.
Location
State NY
County Queens
Rooms
Basement Finished, Full
Interior
Heating Natural Gas, Baseboard
Cooling None
Fireplace No
Exterior
Parking Features None
Amenities Available Park
Private Pool No
Building
Lot Description Near Public Transit, Near School, Near Shops
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Middle Schools Is 141 Steinway (The)
High Schools Long Island City High School
School District Queens 30
Others
Senior Community No
Special Listing Condition None
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