25-34 31 STREET · #17

25-34 31st Street offers the opportunity to acquire a fully occupied, institutional-quality mixed-use asset in the heart of Astoria, one of New York City's strongest and most supply-constrained rental submarkets. Built in 2016, the property consists of 16 residential units and a ground-floor retail component, providing diversified income and stable cash flow. The asset benefits from modern construction, minimizing near-term capital expenditures, while premium amenities—including elevator service, underground parking, glass-wrapped balconies, and a rooftop terrace with unobstructed Manhattan skyline views—support tenant retention and long-term rent growth. Strategically positioned steps from the N/W subway lines, the property offers direct access to Midtown Manhattan and is surrounded by Astoria's established retail, dining, and lifestyle amenities. This highly desirable location continues to drive strong occupancy, consistent leasing demand, and resilient rental performance. Combining durable in-place income, operational efficiency, and future appreciation potential, 25-34 31st Street represents a compelling investment opportunity within one of Queens' most active and fundamentally strong multifamily corridors. Adding to its investment appeal, the property benefits from a 421 Tax Abatement in place through 2031, providing meaningful tax savings and enhancing near-term cash flow.

1. listedJun 8, 2026

   $13.5M0.0%
   Listed by SERHANT.
2. temporarily off marketJun 5, 2026

   $13.5M0.0%
   Temporarily off market
3. listedJun 4, 2026

   $13.5M
   Listed by SERHANT.