Mixed-Use Building in South
3076 Steinway St Queens, NY 11103
For Sale
$2,390,000
High-visibility, mixed-use building with expansion potential in a prime location.
Property Size4,500 SF
Price / SF$531.11
Days on Market97
Property Features for 3076 Steinway St
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Building Details
Year Built
1928
Listing Agency:
eXp Realty
(631) 986-9339
Listed By:
Yow Sim Chang · License #10401361860
(631) 986-9339
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 9:24AM
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 mixed-use masonry building, located in the South Astoria retail corridor at 30-76 Steinway St, offers 4,500 square feet of space across two levels, plus a full 10-foot ceiling height basement. Each floor provides 2,250 square feet, suitable for retail, office, or residential conversion. The property is zoned C4-2A (R6A), allowing for expansion or redevelopment. Approved plans are in place to convert the second floor into two independent 3-bedroom, 2-bathroom residential units, each 1,125 sq. ft. Completing this conversion and obtaining a new Certificate of Occupancy may provide tax stabilization benefits. The property is located in a high-traffic area near Starbucks, Walgreens, Banana Republic Factory Store, and Planet Fitness. Transportation is convenient, with walking distance to the Steinway St and 30th Ave stations, serving the E, F, N, W, and R subway lines. The location has a bike score of 69, walk score of 96, and transit score of 100. Additional air rights allow for vertical expansion (approximately 6,777 BSF total).
Key Highlights
- Prime location in the high‑traffic South Astoria retail corridor on Steinway Street.
- High TransitScore of 100, with easy access to the E, F, N, W, and R subway lines.
- Approved plans for conversion of the second floor into two independent 3‑bedroom, 2‑bathroom residential units.
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 | $226.8k | $50.40 |
| − Vacancy | −$29.3k | −$6.50 |
| EGI | $197.5k | $43.90 |
| − OpEx | −$49.4k | −$10.97 |
| NOI | $148.2k | $32.92 |
4,500 SF · lease $50.40/SF/yr · vacancy 12.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.85M – $2.47M
NOI $148,157 @ 7.0% cap · market cap 6.20%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,325 @ 7.0% cap · market cap 3.36%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility, mixed-use building with expansion potential in a prime location.
Where is this mixed-use property located?
The property is located at 3076 Steinway St Queens, 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: Prime location in the high‑traffic South Astoria retail corridor on Steinway Street.; High TransitScore of 100, with easy access to the E, F, N, W, and R subway lines.; Approved plans for conversion of the second floor into two independent 3‑bedroom, 2‑bathroom residential units.
