2366 Steinway St, Astoria, NY
Mixed-use building with commercial space and residential units.
- Added:
- May 8, 2025
- Days on Market:
- 411
- Last Refresh:
- May 19 at 10:39 pm
Property Features for 2366 Steinway St
General Information
- Standard status
- Active
- Size
- 4,125 SF
- Lot size
- 0.06 Acres
- Property subtype
- RETAIL
Listing agent Archibald Rowan (415) 717-8611
Listing office EXR | Brooklyn (415) 717-8611
Listing date May 8, 2025
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 EXR | Brooklyn
HighLights
- High monthly rental income of $21,500 from long‑term tenants.
- Prime Astoria location with 25 FT of street frontage and high foot traffic.
- Ground‑floor commercial space with an active 4 AM liquor license, full bar, kitchen, and event‑ready lower level.
- Recent upgrades including a new roof, HVAC system, and 2023 water heater.
- Zoned R5/C2‑2, offering medium‑density residential and commercial flexibility with potential to add additional SF.
- Proximity to major transit (Astoria & Ditmars Blvd stations) and LaGuardia Airport.
Overview
Local Financial Insights For Specialty 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 | $272.3k | $66.00 |
| − Vacancy | −$17.7k | −$4.29 |
| EGI | $254.6k | $61.71 |
| − OpEx | −$63.6k | −$15.43 |
| NOI | $190.9k | $46.28 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Astoria
- County
- Queens
- State
- New York
- Longitude
- -73.9103
- Latitude
- 40.7697