11-27 31st Drive Long Island City, NY 11106
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyQueens
- Taxes$7,500
- HOA/Condo/Coop Fees$0
- Days on Site234 Days
- MLS StatusPending
- MLS ID Number3515406
- Home Size Source N/A
- Year Built1916
- Lot Size0.06 Acres
- Full Baths4
- Partial BathsN/A
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General Features
- Style Colonial
- Construction Brick
- Parking None
- Sewer Public Sewer
- Basement FinishedFull
- Acreage 0.06
- Water Public
- Cross Street 31st Ave
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling None
- Heating Natural GasBaseboard
- Fireplaces 0
Exterior Features
- Lot Near Public Transit
Community Features
- Township Queens
- Community Features ParkNear Public Transportation
- Senior Community No