Mixed-Use Property with Drive-In
22-21 Steinway St, Astoria, NY 11105
For Sale
Contact for pricing
Two buildings combine warehouse space, a storefront, and upper-floor residential area on Steinway Street.
Property Size13,231 SF
Lot Size0.23 Acres
Price / SF$468.60
Days on Market9
Property Features for 22-21 Steinway St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Mixed-Use Components
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Additional Details
Property Use
Building Details
Buildings
Listing Agency:
Cushman & Wakefield New York
Listed By:
Dylan Walsh · License NY #10401384207
(718) 307-6517
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 10 at 7:47AM
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 Cushman & Wakefield New York
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Investment Insights
Based on property information with market context.
The assemblage at 22-21 and 22-25 Steinway Street includes two buildings totaling approximately 13,231 square feet on a combined 10,000-square-foot lot. The one-story warehouse contains approximately 2,231 square feet. The adjoining two-story building has approximately 5,820 square feet of warehouse space and a 1,680-square-foot storefront on the ground floor, with 3,500 residential gross square feet upstairs. The upper floor has potential for one to two large-format apartments. Warehouse areas offer 14- to 16-foot ceiling heights, 200-amp electrical service, and three drive-in doors.
The property has approximately 100 feet of frontage on Steinway Street in the Ditmars–Steinway section of Astoria, Queens. It lies in an R5D/C2-3 zoning district, with approximately 20,000 buildable square feet, including 6,769 square feet of unused air rights. A potential ULURP rezoning to R6A is cited as a path to approximately 30,000 total buildable square feet.
The property has approximately 100 feet of frontage on Steinway Street in the Ditmars–Steinway section of Astoria, Queens. It lies in an R5D/C2-3 zoning district, with approximately 20,000 buildable square feet, including 6,769 square feet of unused air rights. A potential ULURP rezoning to R6A is cited as a path to approximately 30,000 total buildable square feet.
Key Highlights
- Two‑building assemblage totals ±13,231 square feet on a combined ±10,000‑square‑foot lot
- Approximately 100 feet of frontage on Steinway Street in Astoria, Queens
- Warehouse areas have 14'–16' ceiling heights, 200‑amp service, and three drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,173
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,723,460
$4.7M
Cap Rate 7%
$3,373,900
$3.4M
Cap Rate 9%
$2,624,144
$2.6M
Market Conditions
NOI Build-Up for 13,231 SF
Gross rent
$396.9K $30.00/SF
− Vacancy
−$59.5K −$4.50/SF
EGI
$337.4K $25.50/SF
− OpEx
−$101.2K −$7.65/SF
NOI
$236.2K $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%
$4,723,460
Cap Rate 7%
$3,373,900
Cap Rate 9%
$2,624,144
Alternative Uses
Best Use
Retail
$3.37M
$2.95M – $3.94M
NOI $236,173 @ 7.0% cap · market cap 3.81%
Second Best
Mixed Use
$2.43M
$2.13M – $2.84M
NOI $170,283 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$9.75M
$8.53M – $11.38M
NOI $682,783 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
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Business Placement
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
$1,089,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine warehouse space, a storefront, and upper-floor residential area on Steinway Street.
Where is this mixed-use property located?
The property is located at 22-21 Steinway St Astoria, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Two‑building assemblage totals ±13,231 square feet on a combined ±10,000‑square‑foot lot; Approximately 100 feet of frontage on Steinway Street in Astoria, Queens; Warehouse areas have 14'–16' ceiling heights, 200‑amp service, and three drive‑in doors
