# 1418 31st Avenue, Astoria, NY 11106

> **TL;DR:** residential multi family, $2,950,000, built 2015.
> Hardwood. Est. $12,783/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,950,000 |
| Year Built | 2015 |
| Lot Size | 2,191 sqft (0.05 acres) |
| Stories | 4 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 7 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $12,783 |
| **Total** | **$12,783** |

## Nearby Schools

- **Elementary:** Ps 171 Peter G Van Alst
- **Middle:** Albert Shanker Sch-Visual/Perf Arts
- **High:** Long Island City High School

## Key Amenities

- Hardwood

## Property Highlights

- Built in 2015
- 0.05 acre lot
- 4 stories

## Description

### Agent Description
Azure Realty is proud to exclusively present 14-18 31st Avenue, a trophy 6-unit multifamily asset in the heart of Astoria, Queens, representing a rare, premier acquisition opportunity direct from the original developer. Custom designed and completed in 2016 by renowned architect Steven Kuo, this striking residential masterpiece seamlessly fuses contemporary luxury with elite investment fundamentals, showcasing six immaculate apartments equipped with gourmet quartz kitchens, ultra-contemporary designer bathrooms, rich hardwood flooring, extra-large windows, and a premium video intercom security system. Built for the sophisticated investor, the asset is fully stabilized by a proven roster of premium tenants yielding a strong cap rate near 6%, while offering immediate capital protection through a protected Tax Class 2A designation and an active 421-a tax abatement through 2032, at which point all units legally revert to lucrative Free Market status. Furthermore, a new owner can immediately supercharge revenue and asset valuation through incredible value-add upside, including converting the massive 8-foot-high cellar into 12 to 15 tenant storage units (projected to generate an additional $24,000 to $36,000 annually), installing a coin-operated multi-machine laundry room, and styling the outdoor footprint into a communal tenant lounge. Perfectly situated just steps from the vibrant dining and entertainment along 30th Avenue and Broadway, and within seamless walking distance to the N and W subway stations for an efficient Manhattan commute, this transit-oriented location ensures a perpetual pool of top-tier professional renters. Inquire for building setup!

## Location

- **Address:** 1418 31st Avenue, Astoria, NY 11106
- **County:** Queens
- **Coordinates:** 40.767837, -73.931412
- **Google Maps:** https://www.google.com/maps?q=40.767837,-73.931412

## Listing Agent

- **Name:** Christina M. Cricenti
- **Brokerage:** Azure Realty Group NY LLC
- **Phone:** 3474849965
- **Email:** christina@azurerealtyny.com

## Primary Photo

![1418 31st Avenue - Primary Photo](http://lh.rdcpix.com/59f057c4ffbad625bc22a3f6460858e7l-f3943635886r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/1418-31st-avenue-astoria-ny-11106-1005439)*

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**MLS#:** 1005439 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1418-31st-avenue-astoria-ny-11106-1005439)

---

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