Queens New-Construction Package - Astoria & Corona | 18 Apartments | 13,460 SF
$7,000,000
14-18 31st Ave, 57-32 & 57-34 Granger Street, Corona, NY 11368
For Sale
Multifamily
Unknown Sub Type
Active
Last Updated: 06/24/2025
6
Cap Rate
18
Units
Details:
Cap Rate: 6%
Units: 18
GRM: 14.4
Price Per Sqft: $520
Highlights:
- Three new construction buildings totaling 18 units
- All 3 buildings are Protected Tax Class 2A
- All 3 buildings have a 421A expiring in 2032, after which the apartments will revert to FM
- Tenants pay for all utilities in each building
- First sale by original developer
- The properties are located near busy retail corridors in Astoria and Corona with shopping, dining, and entertainment options
Location
Gallery
