2508 Broadway, Astoria, NY 11106
This exceptional investment opportunity presents a mixed-use property ideally situated on Broadway in Astoria, New York. The property encompasses four distinct commercial storefronts, perfectly positioned to capitalize on the high foot traffic and vibrant commercial activity of this bustling neighborhood. The building sits on a sizable 0.11-acre lot, offering significant potential for future development or expansion. While the exact square footage is currently unavailable, the four-store configuration suggests substantial rentable space. The asking price for this strategically located commercial property is $6,500,000, representing a compelling investment in a thriving Astoria commercial corridor. This property is an excellent choice for investors seeking a strong return on investment in a prime location with high growth potential. The existing commercial tenants provide immediate cash flow, while the property's size and location offer significant long-term upside. This is a rare opportunity to acquire a well-established commercial property in a highly sought-after area of Queens, New York. Serious inquiries are encouraged to explore this lucrative investment prospect further. The property's prime location on Broadway ensures high visibility and accessibility, making it an attractive proposition for a diverse range of businesses. The robust commercial activity in the surrounding area further enhances the property's value and potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.