7-Unit Mixed-Use LIC Opportunity Zone

For Sale - 32-31 GREENPOINT AVENUE- Queens - Long Island City

$1,999,999

Net Operating Income: $106,093

Ic expand

Key Details

Property Type
Mixed Use
Neighborhood
Long Island City
Property Dimensions
25.0 x 40.0
Property Area
5,413 sq.ft.
Total Units:
7
Stories:
3
NOI
$106,093
Price
$1,999,999
Price Per Unit
$285,714
Cap Rate
5.3%

Listing Description

32-31 Greenpoint Avenue, located in Long Island City, features two buildings on one lot. The front is a 3-story mixed use property. The rear “carriage house” is a two-story residential building.
The asset is available at below replacement cost and enjoys Tax Class 2A status, protecting the buyer from sharp increases in property taxes. The building enjoys proximity to the 7 Subway line, (13) bus lines and the Long Island Expressway (I-495).
The property is located in a Qualified Opportunity Zone which presents unprecedented long term tax benefits for substantial property improvements or starting a business.

Property Details

Block/Lot:
304/15
Lot Dimensions
25.0 x 101.83
Lot Area
2,546 sq.ft
Zoning:
M1-1
FAR as Built:
2.13
Max FAR:
2.4
Francisco TejadaHKS Real Estate Advisors
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
9-03 35TH AVENUE$4,750,00006/20/2018Mixed Use
36-19 REVIEW AVENUE$1,800,00005/02/2018Mixed Use
34-55 VERNON BLVD$2,230,00002/23/2018Mixed Use
26-14 JACKSON AVENUE$8,100,00001/16/2018Mixed Use
36-21 REVIEW AVENUE$1,050,00001/11/2016Mixed Use
36-63 34TH STREET$7,000,00001/08/2016Mixed Use
33-27 9TH STREET$720,00010/23/2015Mixed Use
28-07 38TH AVENUE$1,185,00010/22/2015Mixed Use
37-10 CRESCENT STREET-10/13/2015Mixed Use
30-10 36TH AVENUE-09/28/2015Mixed Use