Mixed-Use Asset on Steinway
For Sale
Contact for pricing
20-70 Steinway Street, Astoria, NY 11105
Mixed-use property with retail, residential, and parking income streams.
Property Size4,250 SF
Price / SF$281.88
Days on Market148
Property Features for 20-70 Steinway Street
General Information
Standard status
Active
Size
4,250 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
C2-3 and R5D
Occupancy
100%
Building Details
Year Renovated
1989
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Long Island
Listed By:
Nicholas Colombos
(917) 453-9333
Source:
Crexi
Added: May 16
Changed: Oct 1
Last Checked: Oct 9 at 8:22PM
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 Compass Long Island
Investment Insights
Based on property information with market context.
The property at 20-70 Steinway Street is a mixed-use asset located on a high-traffic thoroughfare in Queens. The well-maintained property provides a diversified income stream through a blend of retail, residential units, and private indoor parking. The property includes one retail unit, three apartments, and one private garage. The ground floor retail unit benefits from commercial zoning, supporting a wide array of high-street users. The residential component provides fully occupied rentals. Private, enclosed parking garages are scarce in Astoria, providing a value-add amenity to an apartment or a separate monthly income based upon a separate lease. The property is situated in the northern section of Steinway Street and has a size of 4250 square feet.
Key Highlights
- High visibility retail unit on Steinway Street
- Diversified income stream from retail, residential, and parking
- Three fully occupied residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,863
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,260
$1.5M
Cap Rate 7%
$1,083,757
$1.1M
Cap Rate 9%
$842,922
$842.9K
Market Conditions
NOI Build-Up for 4,250 SF
Gross rent
$127.5K $30.00/SF
− Vacancy
−$19.1K −$4.50/SF
EGI
$108.4K $25.50/SF
− OpEx
−$32.5K −$7.65/SF
NOI
$75.9K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,260
Cap Rate 7%
$1,083,757
Cap Rate 9%
$842,922
Alternative Uses
Best Use
Retail
$1.08M
$948.3K – $1.26M
NOI $75,863 @ 7.0% cap · market cap 6.33%
Second Best
Mixed Use
$781.4K
$683.7K – $911.6K
NOI $54,698 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,320 @ 7.0% cap · market cap 18.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
58k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 39%
Home Improvements & Furnishings 11%
Lidl
Groceries
29,153 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,460 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
5,669 visits/mo
0.2 miles
Prime Storage
Shops & Services
4,023 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
863 visits/mo
0.2 miles
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with retail, residential, and parking income streams.
Where is this mixed-use property located?
The property is located at 20-70 Steinway Street Astoria, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: High visibility retail unit on Steinway Street; Diversified income stream from retail, residential, and parking; Three fully occupied residential apartments
