2435 Steinway StAstoria, NY 11103

For Sale
$4,149,000
16-Unit Building, Prime Astoria Location

Overview

Added:
Feb 3
Days on market:
72
This exceptional 10,920 square foot multifamily building presents a compelling investment opportunity in the desirable Astoria, NY neighborhood. The property comprises sixteen units, a mix of ten free-market and six rent-stabilized apartments, offering a blend of income streams and potential for future growth. Eleven units have undergone recent updates, enhancing their appeal and marketability. Significant improvements have been made to the building's infrastructure, including a complete roof and skylight replacement in 2019, contributing to long-term cost savings and reduced maintenance needs. The hallways have been freshly painted, and fourteen new steel apartment doors have been installed, enhancing security and aesthetics. Efficiency upgrades are in place, including water conservation components and a modern boiler system, coupled with a CompuSave energy management system for precise monitoring of heat and hot water usage via WiFi. Recent exterior improvements include sidewalk repairs and upgrades to the steam system, demonstrating a commitment to ongoing maintenance and property upkeep. The building's prime location offers easy access to public transportation, local shops, and major highways, making it an attractive option for tenants and investors alike. This well-maintained property is priced at $4,149,000 and represents a strong investment in a thriving New York City neighborhood.

Property Details for 2435 Steinway St

Property type
Commercial real estate
Square Feet
10,920 SF
Year Built
1926

Location Insight

City
Astoria
County
Queens
State
New York
Latitude
40.76805
Longitude
-73.91131
2435 Steinway St, Astoria, New York

FAQs

What type of property is this?
Commercial real estate - 16-Unit Building, Prime Astoria Location
Where is the commercial real estate located?
The property is located at 2435 Steinway St Astoria, NY.
What is the asking price?
The asking price for this property is $4,149,000.
How can I contact the broker?
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2435 Steinway St
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