30-90 & 30-92 Steinway Street presents the opportunity to acquire a mixed-use asset positioned along one of Astoria's most active commercial corridors. The offering consists of two retail units and two free-market three-bedroom apartments, creating a combination of residential and retail income potential in a neighborhood recognized for its established population base, diverse business community, and strong consumer activity.
The property benefits from frontage along Steinway Street, a well-known retail destination serving both local residents and visitors throughout Queens. Its location provides convenient access to the N and W subway lines, connecting the property to Manhattan and the broader New York City region. The surrounding area features a mix of national retailers, local businesses, restaurants, and neighborhood services that contribute to consistent pedestrian activity and long-term commercial demand.
Current ownership has positioned the retail component for owner-user occupancy or lease-up potential, with both retail spaces shown as vacant and projected for income generation. The residential portion includes two free-market three-bedroom apartments, offering flexibility and additional revenue opportunities. The property is configured as a four-unit mixed-use package situated on a 2,980-square-foot lot with reported development potential of approximately 8,940 buildable square feet.
Based on the information provided, the property generates projected annual income of $341,400 and a projected net operating income of $285,112. The combination of residential income, retail leasing potential, transit accessibility, and location along a prominent Astoria commercial corridor creates an opportunity for investors seeking income generation and long-term value creation within the Queens market.