30-71 Steinway StQueens, NY 11103

Property Details for 30-71 Steinway St

Year built

1931

Property type

Mixed-use properties

Property subtype

Investment properties

Description

This exceptional three-story mixed-use building, located at 30-71 Steinway St in Queens, NY 11103, presents a compelling investment opportunity. Built in 1931, the property boasts a substantial 2,070 square foot lot and offers a strong 5.16% capitalization rate. The asking price is $2,900,000, translating to $35.44 per square foot. The building's current net operating income (NOI) stands at $149,730. All units are currently fully occupied, providing immediate cash flow. A key component of the income stream is a commercial store operating under a 10-year lease with a 5-year renewal option, ensuring long-term stability. The property is classified as Class C and zoned C4-2A, offering flexibility for future development or operational adjustments. This prime location in Queens offers excellent access to transportation and a vibrant commercial environment. This is a rare opportunity to acquire a well-performing mixed-use asset in a high-demand area of New York City. The building's solid history, strong tenant occupancy, and favorable zoning make it an ideal addition to any investment portfolio. Further details are available upon request.

Location Insight

City

Queens

County

Queens

State

New York

Latitude

40.7622

Longitude

-73.9164

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