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    2366 Steinway St Astoria, NY 11105

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    For Sale
    $2,400,750

    Mixed-use building with commercial space and residential units.

    Property size:
    4,125 SF
    Lot size:
    0.06 Acres

    Property Features for 2366 Steinway St

    General Information

    Size
    4,125 SF
    Lot size
    0.06 Acres

    Source: EXR | Brooklyn Agent Archibald Rowan

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

    Overview

    Astoria Mixed-Use Building Investment

    This 4125 square foot mixed-use building is located on Steinway Street in Astoria. The ground floor features a commercial space, currently operating as a club with a 4 AM liquor license, a full bar, a kitchen, and an event-ready lower level. The property also includes two updated residential units on the upper floors. The building offers 25 feet of street frontage in a high-visibility location with strong foot traffic. The property generates $21,500 in monthly rental income from long-term tenants. Recent upgrades include a new roof, HVAC system, and a 2023 water heater. Situated in Astoria, the building is near the Astoria Boulevard and Ditmars Boulevard stations, as well as LaGuardia Airport. Zoned R5/C2-2, the property provides medium-density residential and commercial flexibility, with the potential to add additional square footage. The club is under lease, and the residential tenants are month to month at below market rate. This is being sold as a true 8.5 Cap.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    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
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.910339
    Latitude
    40.769709

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 2366 Steinway St Astoria, NY.
    What is the asking price?
    The asking price for this property is $2,400,750.
    What are key features of this property?
    This property features: - High monthly rental income of $21,500 from long-term tenants.; - Prime Astoria location with **25 FT of street frontage and high foot traffic.**; - Ground-floor commercial space with an **active 4 AM liquor license, full bar, kitchen, and event-ready lower level.**
    (415) 717-8611
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    2366 Steinway St Astoria, NY 11105
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    Astoria, NY 11105
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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
    2366 Steinway St Astoria, NY 11105
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