Mixed-Use Property with Retail
20-70A Steinway St Astoria, NY 11105
For Sale
Contact for pricing
Two mixed-use buildings offer ground-floor retail, fully occupied apartments, and private enclosed parking garages.
Property Size7,400 SF
Price / SF$466.22
Days on Market154
Property Features for 20-70A Steinway St
General Information
- Standard status
- Active
- Size
- 7,400 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1989
Listing Agency:
Compass Long Island
(917) 453-9333
Listed By:
Nicholas Colombos
Source:
Crexi
Added: Feb 19
Changed: Jul 23
Last Checked: Jul 23 at 10:48AM
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.
This sale package includes two well-maintained mixed-use assets combined at 20-70 and 2070A Steinway Street. The properties feature two ground-floor retail units alongside a residential component with seven apartments. The residential units are fully occupied.
Both buildings include private, enclosed parking garages, with two garage units available as part of the overall offering. The properties are situated in the northern section of Steinway Street, and the retail space benefits from commercial zoning.
Inquire for details on how the parking garages are set up and leased, and how the retail and residential components are structured within the overall property mix.
Both buildings include private, enclosed parking garages, with two garage units available as part of the overall offering. The properties are situated in the northern section of Steinway Street, and the retail space benefits from commercial zoning.
Inquire for details on how the parking garages are set up and leased, and how the retail and residential components are structured within the overall property mix.
Key Highlights
- Year built: 1989
- Two mixed‑use assets on Steinway Street (20‑70 and 2070A)
- Ground‑floor retail: 2 units with commercial zoning for retail, food and beverage, or professional services
Financial Insights For Apartment 5plus
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 | $341.9k | $46.20 |
| − Vacancy | −$13.0k | −$1.76 |
| EGI | $328.9k | $44.44 |
| − OpEx | −$148.0k | −$20.00 |
| NOI | $180.9k | $24.44 |
7,400 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.58M
$2.26M – $3.01M
NOI $180,889 @ 7.0% cap · market cap 5.24%
Second Best
Retail
$1.89M
$1.65M – $2.20M
NOI $132,090 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$5.46M
$4.77M – $6.36M
NOI $381,876 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Two mixed-use buildings offer ground-floor retail, fully occupied apartments, and private enclosed parking garages.
Where is this mixed-use property located?
The property is located at 20-70A Steinway St Astoria, NY.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Year built: 1989; Two mixed‑use assets on Steinway Street (20‑70 and 2070A); Ground‑floor retail: 2 units with commercial zoning for retail, food and beverage, or professional services
