25th Ave Steinway StQueens, NY 11103

For Sale
$2,000,000

Five-unit multifamily, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 25th Ave-28th Ave Steinway Street in Astoria, Queens, NY 11103, presents a compelling value-add investment opportunity. The three-story building boasts 4,101 square feet of net rentable space, divided into five individual units. Situated in a prime location on Steinway Street, a major retail hub known for its high foot traffic and thriving restaurant and cafe scene, this property benefits from exceptional visibility and accessibility. The C4-2A zoning permits a variety of uses, offering flexibility for future development and potential upside. The asking price is $2,000,000. This presents a rare chance to acquire a well-positioned mixed-use asset in a rapidly growing area of Queens, offering significant potential for increased rental income and long-term appreciation. The motivated seller is eager to finalize a transaction. Detailed financial information and property specifics are available upon request. This is an ideal investment for those seeking a value-add opportunity with significant potential for return.

Highlights

  • $2,000,000 asking price.
  • Mixed-use, multifamily property.
  • Value-add investment opportunity.
  • 4,101 square feet of net rentable area.
  • Five units across three stories.
  • C4-2A zoning.

Property Details for 25th Ave Steinway St

Property type
Multifamily properties, Other mixed-use properties
Stories
3
Units
5

Location Insight

City
Queens
County
Queens
State
New York
Latitude
40.7654772
Longitude
-73.9137044
25th Ave Steinway St, Queens, New York

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25th Ave Steinway St
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