Prime location, corner mixed-use building with C4-3 zoning. Can be kept as standalone investment property or purchased in conjunction with 31-12 23rd Avenue development site allowing a total buildable of 23,450SF mixed use, 6 story building (confirm with your architect). Property currently consists of two ground retail stores, one rear office and two (3) bedroom apartments. The half block distance to the N/W train line offers convenient and easy access to this charming outer borough neighborhood that continues growing in appeal. Nearby single family homes along with new and tastefully constructed multi-family dwellings creates heavy foot traffic. Astoria Park some short blocks away offers out-of-town visitors and locals alike a destination for year-round outdoor activities, music concerts, and sweeping views of Manhattan.
31-16 23rd Avenue, Astoria, NY, 11105
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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