25-34 Steinway St Queens, NY 11103
- Mixed-use properties
- 22,155 SF
Current Use by Public Records
- Sitan Gym Muay Thai / Weight Loss Service / Martial Arts School
- steinwayhouse / Apartment Building
- Gorillas Astoria / Grocery Delivery Service
- Urban Modesty Queens / Women'S Clothing Store
Property Details for 25-34 Steinway St
- Year built
- 2017
- Property size
- 22,155 SF
- Property type
- Mixed-use properties
Description
This exceptional 22,155 square foot mixed-use building, constructed in 2017, presents a lucrative investment opportunity in Astoria, Queens. The four-story property boasts 13 units: two ground-floor commercial spaces with basement access, four one-bedroom units on the second and third floors each, and two two-bedroom, two-bathroom units on the fourth floor. Currently fully leased, this asset benefits from a prime location within a high-demand retail corridor in Queens, offering exceptional convenience to tenants due to its proximity to public transportation. The building includes added revenue streams from on-site coin-operated laundry and storage lockers. Significant tax advantages are available through the 421-a tax abatement for the residential units and an ICAP abatement for the commercial units. Tenants are responsible for their own heating costs, minimizing operational expenses for the owner. The property is zoned C 2-3, reflecting its versatile commercial and residential capabilities. This is a rare opportunity to acquire a new construction, fully leased, mixed-use building with substantial tax benefits and strong rental income potential in a thriving Queens neighborhood. The asking price is $9,875,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Queens
- County
- Queens
- State
- New York
- Longitude
- -73.9124
- Latitude
- 40.767
