43-02 Newtown Road

Description

The property at 31-11 43rd Street (or 43-02 Newtown Road) in Central Astoria is an extremely rare opportunity to own a corner brick building consisting of 3 floors, 2 residential units, 1 commercial unit and a 4-car garage. The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential. The second and third floor residential units have high ceilings, triple exposure, 10 windows, two bedrooms, an eat-in-kitchen, and a windowed bath. The ground floor commercial space has 11-foot ceiling heights with frontage on Newtown Road and 43rd Street. The full basement provides additional space for potential expansion. The property boasts a coveted 4-car garage. Location, location, location. The property is situated 3 blocks from Steinway Street, 1 block from 30th Avenue and 1 block from Broadway. Other Information: 43-02 Newtown Road/31-11 43rd Street Astoria, NY 11103 Block 693 Lot 36 Lot Size: 22.67 ? 97 Building Class S2 Tax Class 1 - Small Home, Less Than 4 Families R5 Zoning FAR 1.25 According to public records, the building has an existing gross floor area of 1,998 square feet with an unbuilt floor area of 312 square feet. The property is adjacent to a block that was recently upzoned. The building will be delivered vacant. Annual Property Tax: $8,260.16 Prospective buyers are advised to independently verify all information with the buyer's real estate attorney and architect.