3552 Steinway St, Queens, NY 11101

Building Details

Year Built

1912

Listing agent Sheetal Suryawanshi Show Phone

Listing office s***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Sheetal Suryawanshi

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Overview

This is a 20-unit rent-stabilized multifamily building situated on Steinway Street in Astoria, Queens. The property features 20 residential units, including 15 two-bedroom apartments and 5 additional units. The building is located in the heart of Astoria, benefiting from access to retail, restaurants, and neighborhood amenities. The location provides convenient access to public transportation and a short commute to Midtown Manhattan. The property is located along the Steinway Street corridor. The area attracts steady renter demand, making it a resilient multifamily submarket. The bike score is 80, indicating it is very bikeable. The walk score is 97, designating it as a walker's paradise. The transit score is 99, marking it as a rider's paradise. The gross scheduled income is $404,040, with operating expenses of $144,500, resulting in a net operating income of $259,540. The gross rent multiplier is 13.61. The price per unit is $275,000.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience 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

-73.923461

Latitude

40.753919

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FAQs

What type of property is this?

Apartment building - 20-unit rent-stabilized building in prime Astoria location.

Where is this apartment building located?

The property is located at 3552 Steinway St Queens, NY.

What is the asking price?

The asking price for this property is $5,000,000.

What are key features of this property?

This property features: Prime location on Steinway Street in Astoria, a high‑demand rental market; 20‑unit rent‑stabilized building providing stable cash flow; Strong in‑place income with a 5.19% Cap Rate and $259,540 Net Operating Income