24-77 47 Street, Astoria, NY, 11103 | $2,500,000

This rare, oversized 5, 000 sqft lot features a versatile commercial building with approximately 5, 000 sqft of interior space. Located in one of Queens’ fastest-growing corridors, the property provides a unique opportunity for investors, trades, and business owners seeking well-located, highly accessible manufacturing, commercial or warehouse space. The building is currently leased to 3 separate commercial tenants. The first floor is sub-divided to both an autobody shop and a automotive mechanic. The 2nd floor is currently leased by a nail tech company. Key Features Lot Size: 50 x 100 square feet Building Size: Approx. 5000 square feet Units: Currently leased to 3 commercial tenants Zoning: M1-1 Ceiling Height: 15 ft high ceilings suitable for manufacturing, workshop, warehousing, retail and storage. Overhead door height is also 15 ft. Parking: On-site lot with four spaces with convenient loading access for trucks and vans Flexible Use Options With three adaptable units and a wide layout, this property can accommodate a variety of uses, including: Retail or showroom space Contractor/trades headquarters Light industrial or warehouse use Auto-related services Office or mixed-use business operations Whether for an owner-operato or an income-producing investment, the property’s flexibility sets it apart in today’s market. Strategic Location Located at the crossroads of Astoria and Elmhurst, this site offers direct connectivity to LaGuardia Airport, Brooklyn Queens Expressway, Grand Central Parkway, and the RFK Bridge, ensuring seamless access to Manhattan, Brooklyn, the Bronx, and Long Island. Public transportation is easily accessible with MTA bus lines and subway access via the R, N and W trains, all within a 15 minute walk.

Features

  • Property Type: Industrial
  • Construction: Brick
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Trash Collection Public, Water Available, Water Connected
  • Parking: Oversized, Private
  • Levels: 2
  • Heating: Natural Gas
  • Cooling: Multi Units
  • Units: 3
  • Year Built: 1946
  • Acreage: 0.11
  • Est. Taxes: $23,004
  • MLS#: 901652
  • Days on Market: 224 days
  • Website: https://www.raveis.com
    /prop/901652/247747street_astoria_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Kerry HartSales Associate

860.604.7972

Kerry.Hart@Raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Russell BaboffVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1014636

860.463.1745

Russell.Baboff@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Ryan FortierInsurance Sales Director, William Raveis Insurance

516.739.7731

Ryan.Fortier@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

24-77 47 Street, Astoria, NY, 11103

$2,500,000

Kerry Hart

Sales Associate

William Raveis Real Estate

Phone: 860.604.7972

Kerry.Hart@Raveis.com

Russell Baboff

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.463.1745

Russell.Baboff@raveis.com

NMLS Mortgage Loan Originator ID 1014636

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.125% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.021% 5.984% 5.806%
Monthly Tax Payment $1,917 $1,917 $1,917
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $10,890 $11,831 $16,475
Total Monthly Payment $12,932 $13,873 $18,517

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.