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Mixed-Use Asset on Steinway Street

20-70 Steinway Street Astoria, NY 11105

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Mixed-use property with retail, residential, and parking income streams.

Type:Retail, Multifamily, Mixed Use
Property size:
4,250 SF
Price / SF:
$305/SF
Added:
May 16, 2026
Days on Market:
58
Last Refresh:
Jul 5 at 4:54 am

Property Features for 20-70 Steinway Street

General Information

Standard status
Active
Size
4,250 SF
Property subtype
Retail, Multifamily, Mixed Use

Listing office Compass Long Island

Listing date May 16, 2026

Source Crexi

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

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $127.5k $30.00
− Vacancy −$19.1k −$4.50
EGI $108.4k $25.50
− OpEx −$32.5k −$7.65
NOI $75.9k $17.85
4,250 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$1.08M
$948.3K – $1.26M (±1% cap)
NOI $75,863 @ 7.0% cap · market cap 5.84%
Second Best
Mixed Use
$781.4K
$683.7K – $911.6K (±1% cap)
NOI $54,698 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M (±1% cap)
NOI $219,320 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Dental Office Spa & Massage Center Hair Salon Gym & Fitness Center Hotel & Motel

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

FAQs

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 $1,298,000.
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
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