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12-14 31st Avenue Queens $508,000
  • 772
    SF
  • 1
    Units
  • $658
    $/SF
  • Vacant
    Notes
  • 4,889
    ANNUAL TAX BILL
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12-14 31st Avenue
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INVESTMENT HIGHLIGHTS

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 12-14 31st Avenue. The property is a medical office condo on the south side of 31st Avenue between 12th Street and 14th Street. The unit has never been occupied and sits on the ground floor of a newly constructed boutique condominium building.


The unit was built-to-suit by the current owner for his own medical practice with state-of-the-art equipment. The unit is also entirely sound-proof and ADA accessible. The medical office space is approximately 772 SF and, in addition, there is common area space that includes a finished basement. The condo is a community facility unit, restricting its uses to medical, religious, higher education, and community recreation purposes. The unit is comprised of a waiting room & reception area, office space, two (2) examination rooms, nurse's office, as well as a bathroom. This opportunity presents both investors and end-users with the rare opportunity to purchase a new medical office space in Astoria.


The property is just blocks away from Mount Sinai Queens and within a few blocks of Long Island City High School. The property is in close proximity to the N & W subway lines at 30th Avenue and is just a short walk away from the Astoria NYC Ferry terminal with access to Long Island City and Manhattan. The medical office will benefit from significant foot-traffic just a block away from Cape Advisors' and The Pioneer Group's three (3) building, 522,000 SF residential complex comprising 534 units along the East River waterfront that is expected to be completed in 2022. The property is also sure to benefit from the increased density and younger demographic resulting from the numerous new residential developments being constructed in Halletts Point including The Durst Organization's 2.4 million square foot 10 Halletts Point mixed-use project including 2,100 apartments.

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