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.