Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2354 Steinway St Astoria, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    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:
    513
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 2354 Steinway St

    General Information

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

    Properties For Sale

    at 2354 Steinway St Contact us

    We can help!

    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

    Overview

    Mixed-Use Building with Medical CO

    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.
    Property Profile Insight Report 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

    Nearby Similar for Sale

    • $179,000

      Astoria Deli & Grocery Opportunity

      Established deli and grocery business for sale in Astoria, NY.
      21-72 21st Street, Astoria, New York 11105, Queens, Astoria, NY 11105
      View Details
    • $550,000

      Astoria Commercial Condo Opportunity

      1,606 SF professional/community facility condo in the heart of Astoria.
      30-63 38th, Astoria, NY 11103
      View Details
    • $199,000

      Astoria Grocery Business Opportunity

      Established deli and grocery business for sale in prime Astoria location.
      2172 21st Street, Astoria, NY 11105
      View Details
    • $984,950

      Astoria Multifamily Investment Opportunity

      Multifamily property in Astoria, great for end-users or investors.
      3622 37th Street, Astoria, NY 11101
      View Details
    • $9,500,000
      21,730 SF

      Astoria Commercial Buildings with Elevator

      Two community facility buildings suitable for various uses.
      32-71 & 32-73 41st St Religious Community Development Portfolio, Astoria, NY 11103
      View Details
    • $2,299,999

      Astoria Three-Family Home

      Renovated three-family home in Astoria's Ditmars-Steinway neighborhood.
      21-63 45th Street, Astoria, NY 11105
      View Details
    • $1,990,000

      Renovated Astoria Multifamily Brick Home

      Spacious, renovated 7-bedroom multifamily home in the heart of Astoria.
      20-49 49th Street, Astoria, NY 11105
      View Details
    • $79,900

      Established Deli and Taqueria Business

      Flourishing deli and taqueria in high-traffic Astoria location.
      1213 Astoria Boulevard, Astoria, NY 11102
      View Details
    • $75,000

      Renovated Cafe in Astoria, NY

      Fully renovated cafe with basement and parking in Astoria.
      2074A Steinway Street, Astoria, NY 11105
      View Details
    • $2,000,000
      5,056 SF

      Astoria Multi-Unit Income Property

      Five-unit residential building in Astoria with detached three-car garage.
      1426 30th Dr, Astoria, NY 11102
      View Details
    • $1,550,000

      Astoria Six-Unit Multi-Family Building

      Six-unit multi-family building in Astoria, Queens, a strong rental market.
      31-51 35th Street, Astoria, NY 11106
      View Details
    • $1,500,000

      Astoria Two-Family Home with Garage

      Legal two-family home in Astoria with a detached two-car garage.
      2130 36th Street, Astoria, NY 11105
      View Details

    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Zachariadi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2354 Steinway St, Astoria, NY

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!