Sold

25-34 Steinway Street

Astoria NY, 11103

$9,150,000


$642.11 per sqft

Sold

14,250 sqft

Commercial

Built in 2020

The subject property is a 4-Story elevatored mix-use building which is comprised of (2) commercial units on the ground floor w/ basement, (4) one-bedroom units on the second floor; (4) one-bedroom units on the third floor & (2) two-bedroom two bath units on the fourth floor. This mix-use building is anchored by Sitan Gym and Gorillas Technologies. The building is located in one of the best retail corridors in Queens. The property benefits from a 421-a and ICAP tax abatements that will keep real estate taxes minimal with the future upside of free market units. Tenants are responsible for their own electricity which includes heat. Each apt has a mini split unit and are separately metered which keeps the day-to-day operating expenses to a minimum. There is also an on-site coin-operated laundry & on-site storage lockers. With extra revenue streams & great tax benefits, this high-quality, meticulously maintained investment property is a prime opportunity that is simply too good to miss., Building Size:50 x 62

L3444577

MLS ID

November 20, 2022

Listed

February 24, 2025

Updated

Interior Features

Total Stories

4


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.11 Acres

Other Property Details

Taxes

$34,663


Tax Frequency

Annually


Days on Market

158


Garage

No


View

No


County

Queens


Zoning

C4-2A

Listed by Michael Lou Daniel J. Saat with Happy 8 Realty Corp
Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kevin Hsiu shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:55 PM UTC, 2/24/2025

  

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