Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32-56 Steinway St Astoria, NY 11103

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office space with city views in Astoria, NY.

    Type:Office, Special Purpose
    Added:
    Jun 3, 2021
    Days on Market:
    1779
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 32-56 Steinway St

    General Information

    Standard status
    Active
    Property subtype
    Office, Special Purpose

    Building Details

    Year Built
    2010

    Spaces For Lease

    at 32-56 Steinway St Contact us

    We can help!

    Listing Contact
    John Lagoudis

    Listing agent John Lagoudis License #NY 10351215032

    Listing office Realty Executives Astoria

    Listing date Jun 3, 2021

    Source Crexi

    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 Realty Executives Astoria

    Overview

    Astoria Office Space for Lease

    Located at 32-56 Steinway Street in Astoria, NY, this professional office space is available for lease on the 3rd floor, Suite 302. The layout includes 4 private offices, a large conference room, and a private bathroom. An elevator provides direct access to the 3rd floor. The landlord pays all utilities. The suite offers views of the NYC city skyline. It is suitable for any small professional office space. The landlord is willing to build out the space to suit tenant requirements, and the space can be divided into any usage upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MW Commercial Capital ... Loan Service Grand Care Physical ... Medical Clinic AMEDICO LEGAL Law Firm John Lagoudis. Real ... Real Estate Agency New York City ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.898648
    Latitude
    40.779264

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Medical Suite in Astoria

      Move-in-ready medical office in a high-traffic Astoria location.
      23-12 21st Avenue, Astoria, NY 11105
      View Details
    • Contact for pricing

      Astoria Retail or Office Space

      720 SF retail or office space in prime Astoria location.
      25-59 31st street, Astoria, NY 11102
      View Details
    • Contact for pricing

      Astoria Retail Full-Building Opportunity

      4,600 SF retail space ideal for showroom or medical use.
      30-75 Steinway Street, Astoria, NY 11103
      View Details
    • $66/mo

      New Retail Space in Astoria

      New construction retail space with high visibility in Astoria, NY.
      31-16 21st Street, Astoria, NY 11106
      View Details
    • Contact for pricing

      Turnkey Restaurant Space Available

      Restaurant space with beer & wine license in Astoria.
      37-14 31st Ave, Astoria, NY
      View Details
    • Contact for pricing

      Astoria Office Space with Terrace

      1400 SF office space with direct street access.
      31-22 Steinway St, Astoria, NY
      View Details
    • Contact for pricing

      Turnkey Medical Office in Astoria

      6,500 SF medical office space available for lease.
      23-22 30th Ave., astoria, NY 11102
      View Details
    • $36,250/mo

      Newly Rehabbed Astoria Warehouse

      Newly rehabbed industrial warehouse in Astoria, New York available for lease.
      2004 33rd St, Astoria, NY
      View Details
    • Contact for pricing

      Restaurant Space with Mezzanine

      Restaurant space featuring an open floor plan and mezzanine level.
      1106 31st Dr, Astoria, NY
      View Details
    • Contact for pricing

      Turn Key Office Space

      Office space for rent with high ceilings and hardwood floors.
      3627 36th St, Astoria, NY
      View Details
    • Contact for pricing

      Astoria Retail Space Available

      2000 SF retail space for rent in Astoria.
      3094 Steinway St, Astoria, NY
      View Details
    • Contact for pricing

      Astoria Retail Space For Rent

      Retail space with high ceilings and full-size storage basement.
      2842 Steinway St, Astoria, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space with city views in Astoria, NY.
    Where is this office units located?
    The property is located at 32-56 Steinway St Astoria, NY.
    What are key features of this property?
    This property features: Prime Astoria location on Steinway Street.; All utilities included in $4,000 rent.; Elevator access directly to the 3rd‑floor suite.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Lagoudis
    Real Estate License ID: NY 10351215032
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!