Mixed-Use Building with
For Sale
Contact for pricing
30-76 Steinway St, Astoria, NY 11103
Two-story property with retail space and approved plans for two upper-floor apartments.
Property Size4,500 SF
Price / SF$531.11
Days on Market336
Property Features for 30-76 Steinway St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Listing Agency:
eXp Realty
(347) 399-8556
Listed By:
Zhao Li · License #10401361860
Source:
Crexi
Added: Sep 30, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:01AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This two-story mixed-use building contains approximately 4,500 SF, including a retail area of about 2,250 SF with 12-foot ceilings. The property sits on an approximately 25.02-foot by 90.27-foot lot, with a building footprint of roughly 25 feet by 90 feet. C4-2A (R6A) zoning is reported, along with approximately 6,777 SF of commercial buildable area.
Approved plans call for converting the second floor into two independent apartments, each designed with three bedrooms and two bathrooms and measuring approximately 1,125 SF. The property is located on Steinway Street in Astoria, near the Steinway St. and 30th Ave. subway stations, with access to the E, F, N, W, and R subway lines. Surrounding retailers and services include Starbucks, Dunkin’, Walgreens, Banana Republic Factory, Planet Fitness, and Emergency Care.
Approved plans call for converting the second floor into two independent apartments, each designed with three bedrooms and two bathrooms and measuring approximately 1,125 SF. The property is located on Steinway Street in Astoria, near the Steinway St. and 30th Ave. subway stations, with access to the E, F, N, W, and R subway lines. Surrounding retailers and services include Starbucks, Dunkin’, Walgreens, Banana Republic Factory, Planet Fitness, and Emergency Care.
Key Highlights
- Mixed‑use building with approximately 4,500 SF across 2 stories
- Retail space of approximately 2,250 SF with 12 ft ceiling height
- Approved plans for two 3BR/2BA apartments, each approximately 1,125 SF
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
$80,325
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
3.36%
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%
$1,606,500
$1.6M
Cap Rate 7%
$1,147,500
$1.1M
Cap Rate 9%
$892,500
$892.5K
Market Conditions
NOI Build-Up for 4,500 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
$135.0K $30.00/SF
− Vacancy
−$20.3K −$4.50/SF
EGI
$114.8K $25.50/SF
− OpEx
−$34.4K −$7.65/SF
NOI
$80.3K $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%
$1,606,500
Cap Rate 7%
$1,147,500
Cap Rate 9%
$892,500
Alternative Uses
Best Use
Retail
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 3.36%
Second Best
Mixed Use
$827.4K
$723.9K – $965.3K
NOI $57,915 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$3.32M
$2.90M – $3.87M
NOI $232,222 @ 7.0% cap · market cap 9.72%
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
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?
Mixed-use property - Two-story property with retail space and approved plans for two upper-floor apartments.
Where is this mixed-use property located?
The property is located at 30-76 Steinway St Astoria, NY.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Mixed‑use building with approximately 4,500 SF across 2 stories; Retail space of approximately 2,250 SF with 12 ft ceiling height; Approved plans for two 3BR/2BA apartments, each approximately 1,125 SF
