About 11-27 31st Drive
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.
Features of 11-27 31st Drive
| MLS® # | 3515406 |
|---|---|
| Price | $2,195,000 |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Acres | 0.06 |
| Year Built | 1916 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Colonial |
| Status | Pending |
Community Information
| Address | 11-27 31st Drive |
|---|---|
| City | Long Island City |
| County | Queens |
| State | NY |
| Zip Code | 11106 |
Additional Information
Listing Details
| Office | Realty Executives Today |
|---|---|
| Office Contact | 718-274-2400 |