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25-34 Steinway Street

Astoria, NY 11103
  • $9,999,000
  • STATUS: Active
  • MLS #: 3444577
UPDATED: 69 min ago
$9,999,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2020
County:
Area:

School Ratings & Info

Description

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.

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© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-27T13:16:18.283.
www.hudsonvalleyshometeam.com/homes/134915168
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25-34 Steinway Street Astoria, NY 11103

  • Price: $9,999,000
  • Status: Active
  • On Site: Days
  • Updated: 69 min ago
  • MLS #: 3444577
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2020
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property Description
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.
Exterior Features

Building Size 50 X 62

Property Features

Business Type Mixed Gross Income 550200.00 Net Operating Income 486301.00 Operating Expense 63899.00 Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 34663.00 Tax Block 654 Zoning Description C4-2A

Listing courtesy of Michael Lou of Happy 8 Realty Corp: 718-205-8411
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-11-27T13:16:18.283.
 
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