2317 Steinway StAstoria, NY 11105

Property Details for 2317 Steinway St

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

4,380 SF

Zone code

R5D

Property type

Investment properties

Property subtype

Live-work space

APN

00793-0068

APU

7930068

Description

Exceptional investment opportunity in Astoria's vibrant Steinway-Ditmars area. This mixed-use property boasts a prime location on Steinway Street, just one block from Ditmars Boulevard, offering unparalleled access to a diverse array of restaurants, shops, schools, parks, and convenient transportation options. The building comprises 4,380 square feet on a 20x100 foot lot (building dimensions: 20x73). The layout includes a ground floor commercial storefront, a one-bedroom apartment in the rear of the ground floor, and four additional one-bedroom apartments on the second and third floors. A full, unfinished basement is accessible from both the front and rear of the building, presenting potential for expansion or additional storage. The property benefits from excellent public transportation access, including an 8-minute walk to the N/W subway lines, proximity to the Q101 and Q69 bus routes, and easy access to major highways and bridges. A 20-minute subway ride provides convenient access to Manhattan. Annual property taxes are $15,009, and the zoning is R5D. This property presents a rare chance to acquire a highly rentable mixed-use building in a thriving neighborhood. Don't miss this opportunity to capitalize on Astoria's robust real estate market.

• CAP approach

  CAP return

  Valuation

  6%

  $724,145

  6.5%

  $668,441

  7%

  $620,696

• Comparable approach

  Method

  Valuation

  Relative Method

  $572,291

  Geo Method

  $572,291

• Alternative Use

  Use

  Valuation

  Residential

  $828,867

  Hospitality

  $759,238

  Educational

  $631,677

  Medical

  $653,401

  Retail

  $982,609

Location Insight

City

Long Island City

County

Queens

State

New York

Latitude

40.7705

Longitude

-73.9085

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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