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    30-16 Steinway St Queens, NY 11103

    Sponsored
    For Sale
    Contact for pricing

    Two-unit commercial building, high visibility.

    Property size:
    3,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property at 30-16 Steinway Street in Queens, New York, presents a lucrative investment opportunity. The 3,625 square foot building features two commercial units across two stories, situated on a 2,268 square foot lot. The property is zoned C4-2A and boasts high visibility frontage on Steinway Street, directly off the corner of 30th Avenue. The ground floor unit offers significant income potential, with projections of $16,000 per month in rental income. The second floor is currently occupied by a salon under a lease with nine years remaining, generating $4,680 in monthly rent and featuring a 4.0% annual rent increase. Annual property taxes are $20,000. This prime location offers easy access to major transportation arteries, including the Grand Central Parkway and the Brooklyn-Queens Expressway, and is conveniently located near several subway lines (N, W, M, R). This property is ideal for investors seeking a strong return on investment in a high-traffic area of Queens. The combination of a well-performing existing tenant and the potential for increased income from the ground floor makes this a compelling opportunity.

    Property Features for 30-16 Steinway St

    General Information

    Property type
    Retail properties
    Square Feet
    3,625 SF

    Building Details

    Stories
    2
    Units
    2

    HighLights

    • Two commercial units available.
    • Ground floor projected to generate $16,000 monthly income.
    • Second floor occupied by a salon.
    • 1,500 square feet total space.
    • Nine years remaining on the lease.
    • Current monthly rent: $4,680, with 4% annual increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sol Dance Center Dance School New Shanghai Foot ... Day Spa Taylored Fitness NY ... Physical Fitness Program Dance Matters NYC Dance School

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.9155217
    Latitude
    40.7635742

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    FAQs

    What type of property is this?
    Retail property - Two-unit commercial building, high visibility.
    Where is this retail property located?
    The property is located at 30-16 Steinway St Queens, NY.
    What are key features of this property?
    This property features: Two commercial units available.; Ground floor projected to generate $16,000 monthly income.; Second floor occupied by a salon.
    (212) 417-9217
    Request Owner's contact information
    30-16 Steinway St Queens, NY 11103
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    Queens, NY 11103
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    Realmo Value Estimation

    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.

    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.

    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
    30-16 Steinway St Queens, NY 11103
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