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    25-47 Steinway St Queens, NY 11103

    Sponsored
    For Sale
    $2,125,000

    Prime Astoria location, high NOI.

    Property size:
    3,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story mixed-use building in South Astoria, Queens, presents a compelling investment opportunity. Located at 25-47 Steinway Street, 11103, this property boasts 3,420 square feet on a 1,900 square foot lot, with an additional 2,280 square feet of air rights. Currently operating at 100% occupancy, the building comprises four free-market residential apartments and one commercial space, a restaurant with a lease expiring in July 2030. All residential tenants are on month-to-month leases

    Property Features for 25-47 Steinway St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,420 SF

    HighLights

    • Prime South Astoria, Queens location.
    • 3‑story mixed‑use building with four residential units and one retail space.
    • Four rent‑stabilized tenants; building will be delivered occupied.
    • Restaurant lease expires July 2030.
    • Tax Class 2A.
    • $181,000 projected net operating income (NOI), 8.5% projected capitalization rate (Cap Rate).
    Property Profile Location Intelligence

    Current Use by Public Records

    Hayati Lounge Hookah Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    County
    Queens
    State
    New York
    Longitude
    -73.91237
    Latitude
    40.766661

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Astoria location, high NOI.
    Where is this mixed-use property located?
    The property is located at 25-47 Steinway St Queens, NY.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: Prime South Astoria, Queens location.; 3-story mixed-use building with four residential units and one retail space.; Four rent-stabilized tenants; building will be delivered occupied.
    Request Owner's contact information
    25-47 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
    25-47 Steinway St Queens, NY 11103
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