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    24-35 Steinway St Queens, NY 11103

    For Sale
    $3,799,999

    16-unit building with upgrades in prime Astoria location.

    Lot size:
    0.08 Acres

    Property Features for 24-35 Steinway St

    General Information

    Lot size
    0.08 Acres

    Building Details

    Year built
    1926

    Source: Realty Executives Today Agent MD J. Abedin CBR

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

    Overview

    Astoria Multifamily Investment Opportunity

    This 16-unit building presents an investment opportunity in Astoria. The property features 10 free-market and 6 rent-stabilized apartments. Upgrades include 11 updated units, a 2019 upgraded roof and skylight, freshly painted hallways, and 14 new steel apartment doors. Efficiency upgrades include water conservation components, a modern boiler system, and a CompuSave energy management system for constant heat and hot water monitoring with WiFi-enabled data. Recent improvements include sidewalk repairs and steam system upgrades. The property is located near public transportation, shops, and major highways.
    Location Intelligence

    Current Use by Public Records

    Qualified Water Damage ... Water Damage Restoration Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.898648
    Latitude
    40.779264

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    FAQs

    What type of property is this?
    Apartment building - 16-unit building with upgrades in prime Astoria location.
    Where is this apartment building located?
    The property is located at 24-35 Steinway St Queens, NY.
    What is the asking price?
    The asking price for this property is $3,799,999.
    What are key features of this property?
    This property features: - Prime Astoria location: Near public transportation, shops, and major highways.; - Mix of 10 free-market and 6 rent-stabilized apartments offers strong investment potential.; - 11 updated units enhance appeal and reduce immediate renovation costs.
    (718) 274-2400
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    24-35 Steinway St Queens, NY 11103
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    Queens, 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
    24-35 Steinway St Queens, NY 11103
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