38-20 31st Street

New York, NY 11101
$1,400,000
0.05 acres | #KEYL3564493

Description

Prime development opportunity in LIC. Potential to have 1 commercial unit underneath for the whole with an FAR of 4. FAR of 3 for the residential portion to potentially build 10 units. This property features a 3-bedroom, 1-bath house built in 1920, spanning 1,540 square feet on a 0.05 acre lot. it's located one block from northern boulevard and is being sold in "as-is" condition. zoned m1-2/r6a, the house is about 22x35 feet (1,540 sqft), and the lot size is approximately 25x90 feet (2,254 sqft). the potential buildable area is 6,762 sqft. it's half a block from the 39th ave./dutch kills train subway station, making it very close to Manhattan.

  • Property Details
    • Property
      • Lot description:Cleared
    • Measurements
      • Acres:0.05
  • Construction Details
    • Type & Style
      • Property type:Purchase
    • Condition
      • Year built:1920
  • Utilities / Energy Details
    • Utility
      • Utility source:Public
  • Community and Neighborhood Details
    • Location
      • School district:Queens 30
      • Elementary School:Ps 84 Steinway
      • High School:Long Island City High School
      • County:Queens
      • Zoning:Residential
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 400, 000
      • Days on Market (Cumulative):134
      • Taxes annual:$28, 142
  • Other
    • Source
      • MLS #:KEYL3564493

Location

Keller Williams LandmarkAsk Vinny Thompson team
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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