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    25-34 Steinway St Long Island City, NY 11103

    For Sale
    $10,380,000

    Mixed Use - Long Island City, NY

    Type:Mixed Use
    Property size:
    22,155 SF
    Days on Market:
    192
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 25-34 Steinway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Basement
    APN
    00654-7503
    Basement Y/N
    1
    Size
    22,155 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2017
    Number of units
    12
    Building materials
    Brick
    Architectural style
    Other

    CHASE GLOBAL REALTY CORP (347) 226-0870 [email protected]

    Listing agent Fei Guo (718) 500-2231 License #10311210012

    Listing date Jun 6, 2025

    MLS# 869333 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Island City Mixed-Use Investment

    This mixed-use property, constructed in 2017, is located in Long Island City/Astoria. The 4-story elevator building has a total area of 22,155 square feet. It features a fully leased setup that includes 10 residential units and 2 ground-floor commercial spaces. The residential component consists of four 1-bedroom units on the second floor, four 1-bedroom units on the third floor, and two 2-bedroom, 2-bath units on the fourth floor. Each residential unit is separately metered, with tenants responsible for their own utilities. On-site laundry facilities and individual storage lockers are available for tenants. The commercial units benefit from visibility and foot traffic on Steinway Street and include basement access. Situated on a 4,750 square foot lot with C4-2A zoning, the property benefits from a 421-a abatement on the residential portion and an ICAP abatement on the commercial units, resulting in property taxes of $34,663 for 2024. The property is located near the N/W and M/R subway lines, multiple MTA bus routes, and offers access to the BQE, Grand Central Parkway, and RFK Bridge.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sitan Gym Muay ... Martial Arts School steinwayhouse Apartment Building Gorillas Astoria Grocery Delivery Service Urban Modesty Queens Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Island City
    County
    Queens
    State
    New York
    Longitude
    -73.898639
    Latitude
    40.778557

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    FAQs

    What type of property is this?
    Mixed-use property - Modern, fully leased mixed-use building in Long Island City/Astoria.
    Where is this mixed-use property located?
    The property is located at 25-34 Steinway St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $10,380,000.
    What are key features of this property?
    This property features: - Prime Location: Situated in the heart of Long Island City/Astoria.; - Strong Income Potential: Fully leased mixed-use building with 10 residential units and 2 commercial spaces.; - Significant Tax Abatements: Benefits from 421-a and ICAP abatements, resulting in low 2024 property taxes.
    (718) 500-2231
    Request Owner's contact information
    25-34 Steinway St Long Island City, NY 11103
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    Long Island City, NY 11103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25-34 Steinway St Long Island City, NY 11103
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