Renovated Full-Building
For Sale
$2,700,000
30-75 Steinway Street, Astoria, NY 11103
Commercial Sale, Astoria, NY
Property Size4,600 SF
Lot Size0.05 Acres
Price / SF$586.96
Days on Market51
Property Features for 30-75 Steinway Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C4-2A
Rooms
Basement
Basement
Storage Space
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Directions
Google maps
Standard status
Active
APN
00680-0015
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
78784
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Building materials
Brick
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Li Li
(646) 889-9988
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 19 at 11:06PM
MLS# 1020304
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick storefront property contains approximately 4,600 SF across three full floors and a full basement. The building was fully renovated and includes central air, forced-air heating, and a layout capable of accommodating customer-facing areas, office functions, storage, and daily operations. Public water and public sewer serve the property, with water available as a listed utility. Constructed in 1930, the asset offers a substantially larger configuration than a conventional single-level storefront.
The property is located at 30-75 Steinway Street in Astoria, Queens, within an established retail corridor. The source information identifies nearby subway access and major routes connecting Queens and Manhattan, along with pedestrian and vehicle activity along the corridor. C4-2A zoning is reported for the site. The three-floor arrangement and basement create a full-building commercial footprint for retail, showroom, medical, educational, wellness, or professional applications identified in the property information.
The property is located at 30-75 Steinway Street in Astoria, Queens, within an established retail corridor. The source information identifies nearby subway access and major routes connecting Queens and Manhattan, along with pedestrian and vehicle activity along the corridor. C4-2A zoning is reported for the site. The three-floor arrangement and basement create a full-building commercial footprint for retail, showroom, medical, educational, wellness, or professional applications identified in the property information.
Key Highlights
- Approximately 4,600 SF across three full floors and a full basement
- C4‑2A zoning at 30‑75 Steinway Street, Astoria, NY 11103
- Fully renovated interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,642,200
$1.6M
Cap Rate 7%
$1,173,000
$1.2M
Cap Rate 9%
$912,333
$912.3K
Market Conditions
NOI Build-Up for 4,600 SF
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.
Gross rent
$138.0K $30.00/SF
− Vacancy
−$20.7K −$4.50/SF
EGI
$117.3K $25.50/SF
− OpEx
−$35.2K −$7.65/SF
NOI
$82.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,642,200
Cap Rate 7%
$1,173,000
Cap Rate 9%
$912,333
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,110 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,382 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
58k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 39%
Home Improvements & Furnishings 11%
Lidl
Groceries
29,153 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,460 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
5,669 visits/mo
0.2 miles
Prime Storage
Shops & Services
4,023 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
863 visits/mo
0.2 miles
Demographics for 11103, NY
37,362
Population
18,833
Households
2
Avg Household Size
36
Median Age
52%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
53,374
Density / Sq Mi
$92,787
Median Household Income
$59,050
Median Earnings
$2,120
Median Rent
$1,003,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Three full floors and a basement provide a flexible commercial layout on Steinway Street.
Where is this storefront property located?
The property is located at 30-75 Steinway Street Astoria, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 4,600 SF across three full floors and a full basement; C4‑2A zoning at 30‑75 Steinway Street, Astoria, NY 11103; Fully renovated interior
