Prime Astoria Retail
3135 Steinway St Astoria, NY
For Sale
Contact for pricing
13,500 SF retail building in prime Steinway Street location.
Property Size13,500 SF
Lot Size0.11 Acres
Price / SF$436.96
Days on Market594
Property Features for 3135 Steinway St
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Lot size
- 0.11 Acres
- Property subtype
- RETAIL
Listing Agency:
4 Points Properties
(212) 300-3901
Listed By:
Listing Contact - 4 Points
Source:
Moodyscre
Added: Dec 6, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:36AM
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 4 Points Properties
Investment Insights
Based on property information with market context.
This 13,500-square-foot building is available for sale or lease and is located in a prime location on Steinway Street. The building features 4,500 square feet on the ground floor, 4,500 square feet on the second floor, and an additional 4,500 square feet in the full basement. The property has 50 feet of frontage and is situated between Broadway and 31st Avenue, directly across the street from a municipal parking lot with 46 spaces. It is also located one block from the [E], [M], and [R] trains. The space is currently built out as a clothing retail store, complete with fitting rooms, a warehouse, and registers, but all uses are considered.
Key Highlights
- Prime Steinway Street location with 50 feet of frontage.
- Total of 13,500 SF: Ground Floor (4,500 SF), Second Floor (4,500 SF), and Full Basement (4,500 SF).
- Located directly across from a municipal parking lot (46 spots) and one block from [E], [M], & [R] trains.
Financial Insights For 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 | $405.0k | $30.00 |
| − Vacancy | −$60.8k | −$4.50 |
| EGI | $344.3k | $25.50 |
| − OpEx | −$103.3k | −$7.65 |
| NOI | $241.0k | $17.85 |
13,500 SF · lease $30.00/SF/yr · vacancy 15.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.44M
$3.01M – $4.02M
NOI $240,975 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.95M
$8.71M – $11.61M
NOI $696,665 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 13,500 SF retail building in prime Steinway Street location.
Where is this retail space located?
The property is located at 3135 Steinway St Astoria, NY.
What is the asking price?
The asking price for this property is $5,899,000.
What are key features of this property?
This property features: Prime Steinway Street location with **50 feet of frontage**.; Total of 13,500 SF: Ground Floor (4,500 SF), Second Floor (4,500 SF), and Full Basement (4,500 SF).; Located directly across from a municipal parking lot (46 spots) and one block from [E], [M], & [R] trains.
