For Sale
$2,125,000

25-47 Steinway St Queens, NY 11103

Prime Astoria location, high NOI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional three-story mixed-use building in South Astoria, Queens, presents a compelling investment opportunity. Located at 25-47 Steinway Street, 11103, this property boasts 3,420 square feet on a 1,900 square foot lot, with an additional 2,280 square feet of air rights. Currently operating at 100% occupancy, the building comprises four free-market residential apartments and one commercial space, a restaurant with a lease expiring in July 2030. All residential tenants are on month-to-month leases

Highlights

  • Prime South Astoria, Queens location.
  • 3-story mixed-use building with four residential units and one retail space.
  • Four rent-stabilized tenants; building will be delivered occupied.
  • Restaurant lease expires July 2030.
  • Tax Class 2A.
  • $181,000 projected net operating income (NOI), 8.5% projected capitalization rate (Cap Rate).

Property Details for 25-47 Steinway St

Property type
Mixed-use properties
Square Feet
3,420 SF

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.766661
Longitude
-73.91237

FAQs

What type of property is this?
Mixed-use property - Prime Astoria location, high NOI.
Where is the mixed-use property located?
The property is located at 25-47 Steinway St Queens, NY.
What is the asking price?
The asking price for this property is $2,125,000.
What are key features of this property?
This property features: Prime South Astoria, Queens location.; 3-story mixed-use building with four residential units and one retail space.; Four rent-stabilized tenants; building will be delivered occupied.
How can I contact the broker?
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25-47 Steinway St
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