ASTORIA31-57 31STMODERN SPACE + D IRECT, E LEVATED SUBWAY ACCESS

A

B

SPACEDETAILS

SIZESpace A - 10,407 SF (divisible)Space B - 3,076 SF*No Basement

ASKING RENTUpon Request

POSSESSIONImmediate

CURRENTLYVacant

FRONTAGESpace A - 117’Space B - 30’2”

NEIGHBORSStarbucks, Bareburger, Dollar Tree, Parisi Bakery, Pachanga Patterson, Il Bambino, Milkflower, Mom’s Kitchen and Bar Daly’s Pub, Quontic Bank, Club Fitness New York, Bahari Estiatorio, Capital One, Sanford’s, Petals & Roots, The Astoria Bookshop

“

“

QUEENS COVERS 35% OF NEW YORK CITY'S TOTAL AREA, MAKING IT THE LARGEST OF THE FIVE BOROUGHS AND THE SECOND MOST POPULOUS COUNTY IN NEW YORK STATE. WITH ONE OF THE MOST ETHNICALLY DIVERSE URBAN POPULATIONS IN THE WORLD, QUEENS IS AN INCREASINGLY POPULAR PLACE TO LIVE, DO BUSINESS, AND VISIT.

- NYCEDC, 2016

A S T O R I A

In recent years, Astoria has become increasingly popular with young families and young professionals because of the affordability, access to Manhattan (15 minutes on the subway), and new residential

buildings with modern amenities.

The majority of the tenants are local operators with a handful of national tenants positioned at and just off of the main intersection of 31ST Street and Ditmars. People from all over the city and Tri-State area flock to this market because of its eclectic and well-respected food scene. The growth of the residential market has precipitated an improvement in the retail market. [According to an EDC report from 2014, rents increased almost 60% from 2009-2013 and retail availability was as low as 2.7% in Q4 2013. In the last year and a half, Target and Marshalls have signed leases right off of the intersection of 31st and Ditmars.] With the precipitated growth in the retail market stemming from a booming residential market, rents in area have only

been increasing significantly.

YOGA AGORA CLUB FITNESS

THE STRAND SMOKEHOUSE

AREA

“As to r ia i s t he on ly Queens Ne ighborhood to Make ‘Gen t r i fy i ng ’ L i s t ”

Astoria has experienced an increase in its number of “non-family” house-holds over the last 20 years, making up 40.9% of its population in 2000 compared to 48.5% in 2014. Since 1990, Astoria’s average rent jumped 26.7% between then and 2014; the number of college graduates in the

neighborhood also grew by nearly 16 percentage points during that time, with more than 40% of residents holding degrees in 2014.

Today, restaurants, lounges, and specialty fitness studios are dotted around Astoria that paints the picture for today’s modern urbanite.

31-57 31ST

ASTOR IA DEMOGRAPH ICS

31-57 31ST

52,719POPULATION

half mile radiusHOUSEHOLDS

one mile radiusAVG. INCOME

half mile radiusCOLLEGE DEGREE

half mile radius

Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography

NON-FAMILYHOUSEHOLDS

half mile radius

59,225 $85K 59% 52%

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31-57 31STPLANS

137’

117’ 30’2”

20’76

’

76’

19’(divisible)

SPACE A10,407 SF

SPACE B3,076 SF

6,500 SFLEASED

+ Sits in the corner of a booming Astoria neighborhood: Mt. Sinai Queens, Kaufman-Astoria Studio, Museum of the Moving Image, and a myriad of bars and restaurants all within walking distance+ Situated directly under 112 newly constructed residential units, all of which were fully leased within 6 months of marketing+ Located steps from the Broadway N, W train stop, one of the busiest in Astoria (4MM+ annual ridership)+ Open to divisions, flexible floorplans+ Venting is possible+ All uses considered

31ST STREET

IDEA

L US

ES

30’2”

47’

42’

SPACECOMMENTS

CONTACTANDREW CLEMENS

aclemens@ripcony.com

CHRIS WALTHERcwalther@ripcony.com

646.827.9964

MIKE DRUMMEYmdrummey@ripcony.com

646.827.9972

Whether it is fi nancial services, high-end designers, new retail concepts, big boxes or major owners and developers, Ripco can implement storefront strategies. We understand retail real estate in New York City has an intrinsic value and we can help in ascertaining that worth for both retailers and developers.

Please visit us at www.ripcony.com for more information.

This information has been secured from sources we believe to be reliable, but we make no representations as to the accuracy of the information. References to square footage are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

A S T O R I A31-57 31ST