5 months on rocket

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

$1,400,000

0.05 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
Year Built1920
MLS #L3564493
Lot Size0.05 Acres
StatusActive

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

Property Information:

  • Year Built: 1920

Listing Office:

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

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Cleared
  • 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

$850.1K

Med. Price/SqFt

$667

Avg. Days On Market

85

# of Sold Homes

1747

38-20 31st St vs New York

165 DAYS ON ROCKET

+80 Days

$1,400,000

+$549.8K More

KEY TAKEAWAY

This property is $549.8K 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: ONEKEY2
  • MLS Number: #L3564493

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: 12/22/2024, 9:11:49 AM 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-934702
5
/10
  • P.S. 199 Maurice A. Fitzgerald

  • 3920 48th Ave

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-934703
7
/10
  • PS 384

  • 2735 Jackson Ave

  • 0.72 miles

  • Public District Grades KG-2

school-card-donut-934704
6
/10
  • The Children's Lab School

  • 4546 42nd St

  • 0.79 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

Residents of New York, NY typically earn $200k+ each year. Residents typically live in single, no kids family. 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, which was built in 1920, 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.

While more than 220 listings in New York, NY in November 2024 were sold above asking price, there were more than 769 listings sold at asking price, and more than 758 were sold below. In November 2024 in New York, NY there were 7.2% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $850,115, while the average time on the real estate market was 85 days.

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

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