30-71 Steinway St Queens, NY 11103
- Mixed-use properties
Current Use by Public Records
- Radiant Aesthetics Med Spa / Laser Hair Removal Service
- Skin Studio By Betty / Day Spa
- Fusion Hair Extensions / Hair Replacement Service
- Patricia's Hair Loss Salon / Hair Salon
Property Details for 30-71 Steinway St
- Year built
- 1931
- Property type
- Mixed-use properties
- Property subtype
- Investment properties
Description
This exceptional three-story mixed-use building, located at 30-71 Steinway St in Queens, NY 11103, presents a compelling investment opportunity. Built in 1931, the property boasts a substantial 2,070 square foot lot and offers a strong 5.16% capitalization rate. The asking price is $2,900,000, translating to $35.44 per square foot. The building's current net operating income (NOI) stands at $149,730. All units are currently fully occupied, providing immediate cash flow. A key component of the income stream is a commercial store operating under a 10-year lease with a 5-year renewal option, ensuring long-term stability. The property is classified as Class C and zoned C4-2A, offering flexibility for future development or operational adjustments. This prime location in Queens offers excellent access to transportation and a vibrant commercial environment. This is a rare opportunity to acquire a well-performing mixed-use asset in a high-demand area of New York City. The building's solid history, strong tenant occupancy, and favorable zoning make it an ideal addition to any investment portfolio. Further details are available upon request.
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
- -73.9164
- Latitude
- 40.7622
