New

$2,875,000

For Sale

7 hours ago

14-18 31st Street, New York, NY

Name: 14-18 31st Street, For Sale in New York - eXp Realty
Brand: Azure Realty Group NY LLC
SKU: 1038965
Price: 2875000 USD

MLS® 1038965

0 Bed

0 Bath

4591 sqft

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Commercial Sale

Size 4591 sqft

Garage No

HOA Fees

Taxes $712

Days Active 0

Approx. Age 2015

Avg. Price Per Sqft $626

MLS® Number 1038965

Property Address: 14-18 31st Street, New York, NY, 11106

Average square foot calculated using Size range provided by listing agent.

Description

Azure Realty is proud to exclusively present 14-18 31st Avenue, a trophy 6-unit multifamily asset in the heart of Astoria, Queens, representing a rare, premier acquisition opportunity direct from the original developer. Custom designed and completed in 2016 by renowned architect Steven Kuo, this striking residential masterpiece seamlessly fuses contemporary luxury with elite investment fundamentals, showcasing six immaculate apartments equipped with gourmet quartz kitchens, ultra-contemporary designer bathrooms, rich hardwood flooring, extra-large windows, and a premium video intercom security system. Built for the sophisticated investor, the asset is fully stabilized by a proven roster of premium tenants yielding a strong cap rate near 6%, while offering immediate capital protection through a protected Tax Class 2A designation and an active 421-a tax abatement through 2032, at which point all units legally revert to lucrative Free Market status. Furthermore, a new owner can immediately supercharge revenue and asset valuation through incredible value-add upside, including converting the massive 8-foot-high cellar into 12 to 15 tenant storage units (projected to generate an additional $24, 000 to $36, 000 annually), installing a coin-operated multi-machine laundry room, and styling the outdoor footprint into a communal tenant lounge. Perfectly situated just steps from the vibrant dining and entertainment along 30th Avenue and Broadway, and within seamless walking distance to the N and W subway stations for an efficient Manhattan commute, this transit-oriented location ensures a perpetual pool of top-tier professional renters. Inquire for building setup!

MLS® Number1038965

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age2015

Stories4

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatENERGY STAR Qualified Equipment, Separate Meters

A/CElectric, ENERGY STAR Qualified Equipment, Separate Meters

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 17, 2026List Date

$2,875,000List Price

Commute

Commute

Starting Address

Destination Address

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