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    3427-3431 Steinway St Long Island City, NY 11101

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    For Sale
    $5,500,000

    Three-story commercial building with parking in Long Island City.

    Property size:
    15,975 SF
    Lot size:
    0.48 Acres

    Property Features for 3427-3431 Steinway St

    General Information

    Size
    15,975 SF
    Lot size
    0.48 Acres

    Source: ARM Real Estate Group Agent Anand Melwani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elevatored Commercial Building For Sale

    This is a three-story commercial building constructed in 2003, featuring elevator access and comprising 15,975 square feet across six units. The property includes below-grade parking with 21 legal spots, shared via an easement with the residential building located behind it. The property is located in Long Island City, NY.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    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
    -73.921238
    Latitude
    40.755735

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    FAQs

    What type of property is this?
    Office building - Three-story commercial building with parking in Long Island City.
    Where is this office building located?
    The property is located at 3427-3431 Steinway St Long Island City, NY.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Elevatored 3-story commercial building with 15,975 SF.; - Six commercial units within the building.; - Below-grade parking with 21 legal spots.
    (212) 464-8815
    Request Owner's contact information
    3427-3431 Steinway St Long Island City, NY 11101
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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
    3427-3431 Steinway St Long Island City, NY 11101
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