25-51 Steinway St Astoria, NY Astoria
This exceptional three-unit mixed-use building, located at 25-51 Steinway Street in Astoria, Queens, presents a unique investment opportunity. The property, built in 1920, offers a total of 1,817 square feet across three stories, situated on a 0.04-acre lot. The building features one commercial unit, currently operating as a cafe, which will be delivered vacant upon closing, providing immediate flexibility for a new business owner. In addition to the commercial space, the property includes two residential units, offering potential for rental income or owner occupancy. A full basement provides ample storage space, while a beautiful backyard area adds to the property's appeal. The brick building is situated in a prime Astoria location on Steinway Street, offering excellent visibility and accessibility. The asking price for this remarkable property is $2,800,000. This is a rare chance to acquire a well-maintained, mixed-use building in a thriving neighborhood with significant potential for growth and return on investment. The property's combination of commercial and residential units provides a diverse income stream and a strong foundation for future development.
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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.