Prime Astoria Mixed Use Package FOR SALE


Astoria, NY - Downtown Astoria
$4,200,000 USD
631-235-9741
, Astoria, NY for Sale
$4,200,000 USD
FOR SALE
1/1
null | 6.79% Cap Rate

Prime Astoria Mixed Use Package
Astoria, NY
Downtown Astoria


HIGHLIGHTS

  • Located along the established Steinway Street retail corridor in Astoria.
  • Steps from the N and W subway lines serving Queens and Manhattan.
  • Includes two free-market three-bedroom residential apartments.
  • Retail component offers owner-user or lease-up potential.
  • Four-unit mixed-use configuration with residential and retail uses.
  • Reported development potential of approximately 8,940 buildable square feet.

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

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Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.