Four-Story Mixed-Use
For Sale
Contact for pricing
31-47 Steinway Street, Astoria, NY 11103
Commercial space is combined with five free-market residential units in an Astoria building on Steinway Street.
Property Size6,600 SF
Price / SF$439.39
Days on Market56
Property Features for 31-47 Steinway Street
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
5
Building Details
Stories
4
Listing Agency:
SERHANT
Listed By:
Owen Toland · License #10301224759
Source:
Crexi
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 24 at 6:09PM
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 SERHANT
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Investment Insights
Based on property information with market context.
This four-story mixed-use building contains 6,600 SF and combines commercial space with five residential units. The apartments are described as 100% free-market, providing a residential component alongside the property’s commercial use.
The property is located at 31-47 Steinway Street in Astoria, Queens, NY 11103. Steinway Street is identified as a retail corridor, placing the building within an established commercial setting.
The property is located at 31-47 Steinway Street in Astoria, Queens, NY 11103. Steinway Street is identified as a retail corridor, placing the building within an established commercial setting.
Key Highlights
- 4‑story mixed‑use property with 6,600 SF
- Five 100% free‑market residential units
- Commercial and residential components in one building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,333
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,226,660
$3.2M
Cap Rate 7%
$2,304,757
$2.3M
Cap Rate 9%
$1,792,589
$1.8M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$304.9K $46.20/SF
− Vacancy
−$11.6K −$1.76/SF
EGI
$293.3K $44.44/SF
− OpEx
−$132.0K −$20.00/SF
NOI
$161.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,226,660
Cap Rate 7%
$2,304,757
Cap Rate 9%
$1,792,589
Alternative Uses
Best Use
Apartment 5plus
$2.30M
$2.02M – $2.69M
NOI $161,333 @ 7.0% cap · market cap 5.56%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,810 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,592 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is combined with five free-market residential units in an Astoria building on Steinway Street.
Where is this mixed-use property located?
The property is located at 31-47 Steinway Street Astoria, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 4‑story mixed‑use property with 6,600 SF; Five 100% free‑market residential units; Commercial and residential components in one building
