4 months on rocket

38-20 31st St, Long Island City, NY, 11101

$1,400,000

0.05 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #3564493
Lot Size0.05 Acres
StatusActive
(A)

About 38-20 31st St

Prime development opportunity in LIC. Potential to have 1 commercial unit underneath for the whole with an FAR of 4. FAR of 3 for the residential portion to potentially build 10 units. This property features a 3-bedroom, 1-bath house built in 1920, spanning 1,540 square feet on a 0.05 acre lot. it's located one block from northern boulevard and is being sold in "as-is" condition. zoned m1-2/r6a, the house is about 22x35 feet (1,540 sqft), and the lot size is approximately 25x90 feet (2,254 sqft). the potential buildable area is 6,762 sqft. it's half a block from the 39th ave./dutch kills train subway station, making it very close to Manhattan.

Property Details

Property Features

Listing Office:

  • Office Name: Amorelli Realty LLC
  • Office Phone: (929) 346-8804

Lot Features

Lot Information:

  • Lot: Cleared, Additional Land
  • Lot Size: 0.05 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
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Housing Market Comparison

See how this home compares to others in New York, NY.

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

38-20 31st St vs New York

135 DAYS ON ROCKET

+51 Days

$1,400,000

+$543.8K More

KEY TAKEAWAY

This property is $543.8K more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #3564493

Listing Office:

  • Office Name: Amorelli Realty LLC
  • Office Phone: (929) 346-8804

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/21/2024, 10:56:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-502478
5
/10
  • P.S. 199 Maurice A. Fitzgerald

  • 3920 48th Ave

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-502479
7
/10
  • PS 384

  • 2735 Jackson Ave

  • 0.72 miles

  • Public District Grades KG-2

school-card-donut-502480
6
/10
  • The Children's Lab School

  • 4546 42nd St

  • 0.79 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The most common annual income of people living in New York, NY is $200k+. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 38-20 31st St

What is the listing price of this property?

The listing price of 38-20 31st St property is $1,400,000.

What type of property is this?

The property 38-20 31st St is land located in Long Island City, New York, 11101.

Is this property for sale now?

Active Listing: 38-20 31st St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 38-20 31st St is 0.05 acres.
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Rocket HomesNew YorkQueens CountyNew York1110138-20 31st St

This home is located at 38-20 31st St in Long Island City, NY and zip code 11101 in the Northwestern Queens neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $1,400,000.

In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings by 1.8%. In October 2024, listings were on the market for 84 days. During the same period, the median list price in this real estate market was $856,124.

From Rocket Homes Real Estate and based on county public records data.

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