11-27 31st Drive, Long Island City, NY, 11106
14 rooms
10 beds
4 Full baths
1916
Colonial
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.
Status:
Pending
Type:
Multi-family
Units:
4
Heating:
Natural Gas, Baseboard
Cooling:
None
Basement:
Finished, Full
Acreage:
0.06
Est. Taxes:
$7,500
Construction
Brick
Lot Description:
Near Public Transit
Middle School:
Is 141 Steinway (The)
High School:
Long Island City High School
School District:
Community District 30
Days on Market:
91
MLS #:
3515406
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Realty Executives Today 718-274-2400