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    Mixed-Use Building with Medical CO Title is generated by Realmo AI

    2354 Steinway St, Astoria, NY

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    3,450 SF mixed-use building with apartments and parking.

    Type:MULTIFAMILY
    Property size:
    3,450 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $521/SF
    Added:
    Dec 4, 2024
    Days on Market:
    560
    Last Refresh:
    May 20 at 9:56 pm

    Property Features for 2354 Steinway St

    General Information

    Standard status
    Active
    Size
    3,450 SF
    Lot size
    0.14 Acres
    Property subtype
    MULTIFAMILY

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    Listing Contact
    Anthony Zachariadi

    Listing agent Anthony Zachariadi

    Listing office TZM Realty

    Listing date Dec 4, 2024

    Source Moodyscre

    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 TZM Realty

    HighLights

    • 3,450 sq ft mixed‑use building
    • Ready for medical office or other business
    • Legal basement with medical CO connected to 1st floor
    • Includes 4 apartments
    • Parking lot with 3 spaces
    • Mixed‑use potential

    Overview

    This 3,450 square foot mixed-use building is suitable for a medical office or other desired business. The building includes four apartments and a parking lot area with three spaces. It features a legal basement with a medical Certificate of Occupancy (CO), directly connected to the first-floor medical facility. The property is located in Astoria, NY.

    Local Financial Insights For Office B

    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 $173.9k $50.40
    − Vacancy −$22.4k −$6.50
    EGI $151.4k $43.90
    − OpEx −$37.9k −$10.97
    NOI $113.6k $32.92
    3,450 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,587 @ 7.0% cap · market cap 6.31%
    Second Best
    Apartment 5plus
    $1.20M
    $1.05M – $1.41M (±1% cap)
    NOI $84,333 @ 7.0% cap · market cap 4.69%
    Theoretical Best
    Office A
    $2.54M
    $2.23M – $2.97M (±1% cap)
    NOI $178,037 @ 7.0% cap · market cap 9.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.9099
    Latitude
    40.7701

    FAQs

    What type of property is this?
    Mixed-use property - 3,450 SF mixed-use building with apartments and parking.
    Where is this mixed-use property located?
    The property is located at 2354 Steinway St Astoria, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 3,450 sq ft mixed‑use building; Ready for medical office or other business; Legal basement with medical CO connected to 1st floor
    (212) 750-2209 Call to check price and availability
    More about this property
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