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Mixed-Use

3149 Steinway Street

31-49 Steinway St, Queens, NY 11103

Listing Price: $2,450,000

Cap Rate
5.47%
Number of Units
4
Price/Unit
$612,500
Price/Gross SF
$515.79
Gross SF
4,750

Investment Overview

Marcus & Millichap is pleased to offer 31-49 Steinway Street, located between Broadway and 31st Avenue in the Astoria section of Queens, New York. The subject property, 31-49 Steinway St, is a three story mixed use building that consists of one street level retail, one second floor office, and two residential units. The residential units are one studio and one three-bedroom apartments. The property is built 25 feet by 90 feet on the first floor, and 25 feet by 50 feet on the second through third floors and sits on a 25 foot by 90 foot lot with approximately 4,750 gross square feet. The property is zoned C4-2A allowing for approximately 2,000 gross square feet of available air rights (Block: 678 Lot: 22) This property offers investors the rare opportunity to purchase a mixed use property, with additional air rights on the historic Steinway Street retail corridor in one of NYC most vibrant neighborhoods, Astoria, Queens.

Investment Highlights

  • Rare Prime 31-00 Block of Steinway St Mixed Use Property
  • Featuring 25' of Frontage on Steinway Street
  • Retail Delivered Vacant (2,250 SF) plus Full Basement
  • There are two Free Market Apartments Renting out Below Market
  • 20 Year Established Dental Practice
  • 10 Year Lease Expires 12/31 (Wants to Renew)
  • C4-2A is Current Zoning Approximately 2,000 square feet of Available Air Rights

Exclusively Listed By

Listing Price: $2,450,000

Cap Rate
5.47%
Number of Units
4
Price/Unit
$612,500
Price/Gross SF
$515.79
Gross SF
4,750

Investment Highlights

  • Rare Prime 31-00 Block of Steinway St Mixed Use Property
  • Featuring 25' of Frontage on Steinway Street
  • Retail Delivered Vacant (2,250 SF) plus Full Basement
  • There are two Free Market Apartments Renting out Below Market
  • 20 Year Established Dental Practice
  • 10 Year Lease Expires 12/31 (Wants to Renew)
  • C4-2A is Current Zoning Approximately 2,000 square feet of Available Air Rights

Investment Overview

Marcus & Millichap is pleased to offer 31-49 Steinway Street, located between Broadway and 31st Avenue in the Astoria section of Queens, New York. The subject property, 31-49 Steinway St, is a three story mixed use building that consists of one street level retail, one second floor office, and two residential units. The residential units are one studio and one three-bedroom apartments. The property is built 25 feet by 90 feet on the first floor, and 25 feet by 50 feet on the second through third floors and sits on a 25 foot by 90 foot lot with approximately 4,750 gross square feet. The property is zoned C4-2A allowing for approximately 2,000 gross square feet of available air rights (Block: 678 Lot: 22) This property offers investors the rare opportunity to purchase a mixed use property, with additional air rights on the historic Steinway Street retail corridor in one of NYC most vibrant neighborhoods, Astoria, Queens.

Exclusively Listed By

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