Back to Search
Property profile & analytics
FOR SALE
Investment properties
3135 Steinway St Astoria, NY 11103
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-0923061
For Sale
1 / 2
$5,899,000
3135 Steinway St, Astoria, NY 11103
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1931
Total area
9,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
C4-2A
APN
00678-0027
UPID
US63-0923061
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.25M
Owner & transaction history
East River Development Alliance, In · 3 yrs held
East River Development Alliance, In
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
C4-2A · Long Island City, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.2M
+68.7%
Retail stores
$5.3M
+44.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Astoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Astoria submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,040,000
ML approach
$4,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,655,000
Current use
AUTO REPAIR, GARAGE
$6,165,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$5,285,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$3,255,000
Change: -11% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,995,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$4.25M
Range $3.82M – $4.67M · ±10% · vs last sale $5.47M (Apr 27 2023)
Last sale anchor
$5.47M
Apr 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$472 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$177,641
Tax year 2024
Assessed value
$2,031,300
Assessed 2024
Previous assessed
$1,562,060
+30.0% YoY
Effective rate
8.75%
On assessed value
Assessed land
$310,500
Assessed improvement
$1,720,800
Land market value
$690,000
Improvement market value
$3,824,000
Total market value
$4,514,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Sale
Year built
1931
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
9,000 SF
Lot
0.1 ac (4,500 SF)
Zoning code
C4-2A
APN
00678-0027
UPID
US63-0923061
Jurisdiction
QUEENS
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2A · Long Island City, NY
Zoning C4-2A · permitted uses
C4-2A · Long Island City, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Island City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$6.2M
RETAIL STORES
Est. value
$5.3M
OFFICE BUILDING
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
East River Development Alliance, In
Entity
Mailing address
1211 40TH AVE, LONG ISLAND CITY, NY 11101-6107
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
$5,473,575
East River Development Alliance, In
31 Stein LLC
Deed
—
Jun 3, 2016
—
31 Stein LLC
—
Deed
related
$1,829,510 · Kearny Bank
Oct 20, 2010
$6,500,000
31 Stein LLC
31-35 Steinway LLC
Grant Deed
—
—
—
31-35 Steinway LLC
—
Deed Of Trust
related
$1,000,000 · Capital One
—
—
31-35 Steinway LLC
—
Deed Of Trust
related
$1,500,000 · Capital One
—
—
31-35 Steinway LLC
—
Deed Of Trust
related
$1,450,000 · Capital One
—
—
31 Stein LLC
—
Deed Of Trust
related
$4,100,000 · Investors Savings Bank Fsb
—
—
31-35 Steinway LLC
—
Deed Of Trust
related
$2,950,000 · Capital One
—
—
31 Stein LLC
—
Deed Of Trust
related
$1,000,000 · Investors Savings Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
