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31-53 Steinway St 6,860 SF 100% Leased Retail Building Astoria, NY 11103 $4,800,000 ($699.71/SF) 7.25% Cap Rate

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EXECUTIVE SUMMARY

Great opportunity. Priced very well. Can't find anything like this in Astoria, at this cap rate.
All our offices are probably below market for the area, based on some other buildings on the block that have older offices, and high rents per SF. 100% fully occupied along with a National Tenant just signed a long term lease.
Prime Location on Steinway St & Broadway

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,860 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$4,800,000
Price Per SF
$699.71
Cap Rate
7.25%
NOI
$348,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.62
Lot Size
0.06 AC
Zoning
C4-2A - General Commercial Contextual Zoning district in NYC
Frontage
28’ on Steinway St

AMENITIES

  • 24 Hour Access
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning
  • Smoke Detector
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Blink Fitness
Tiger Schulmann's Martial Arts
Planet Fitness
Starbucks
Key Food
Chase Bank
Bank of America
Td Bank
German Doner Kebab
Capital One

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00678-0020
Land Assessment
$270,000
Improvements Assessment
$649,800
Total Assessment
$919,800
  • Listing ID: 38570639

  • Date on Market: 11/25/2025

  • Last Updated:

  • Address: 31-53 Steinway St, Astoria, NY 11103

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