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4201-4203 Broadway
Astoria, NY 11103
Retail Property For Sale
Executive Summary
???Prime Mixed-Use Building for Sale in Astoria, Queens | ROI Up to ~10%???
?? Corner location on the bustling Broadway commercial strip in Astoria
?? Just a few blocks from the R/M subway lines
?? Asking Price: $3,100,000
?? Includes three commercial storefronts + one residential unit
?? Package deal: Real estate + current landlord's business included
?? Strong cash flow | Suitable for investment or owner-occupancy
?? Can be delivered fully vacant
?? Property taxes: Only ~$27,000/year
?? Zoning: R6B / C2-4
?? Current Rental Income:
?? Chinese Restaurant (business included): ~$6,000/month
?? Japanese Restaurant: ~$3,800/month
?? Nail Salon: ~$2,450/month
?? Residential Unit (3BR/1BA): ~$3,500/month
?? Total current rental income: ~$15,750/month
?? Annual rental income: ~$189,000 + Chinese restaurant profits
The restaurants enjoy booming business and a steady customer base. Situated at a prime corner location on Broadway, the property benefits from high foot traffic and excellent transportation access, offering outstanding commercial value.
?? Rare mixed-use investment opportunity in Astoria
?? Package deal (Real Estate + Business): $3.1 million
?? Great potential for investment, owner-occupancy, or business operation
?? Buyer inquiries welcome | Co-broking welcome
Calvin 7182133320
?? Corner location on the bustling Broadway commercial strip in Astoria
?? Just a few blocks from the R/M subway lines
?? Asking Price: $3,100,000
?? Includes three commercial storefronts + one residential unit
?? Package deal: Real estate + current landlord's business included
?? Strong cash flow | Suitable for investment or owner-occupancy
?? Can be delivered fully vacant
?? Property taxes: Only ~$27,000/year
?? Zoning: R6B / C2-4
?? Current Rental Income:
?? Chinese Restaurant (business included): ~$6,000/month
?? Japanese Restaurant: ~$3,800/month
?? Nail Salon: ~$2,450/month
?? Residential Unit (3BR/1BA): ~$3,500/month
?? Total current rental income: ~$15,750/month
?? Annual rental income: ~$189,000 + Chinese restaurant profits
The restaurants enjoy booming business and a steady customer base. Situated at a prime corner location on Broadway, the property benefits from high foot traffic and excellent transportation access, offering outstanding commercial value.
?? Rare mixed-use investment opportunity in Astoria
?? Package deal (Real Estate + Business): $3.1 million
?? Great potential for investment, owner-occupancy, or business operation
?? Buyer inquiries welcome | Co-broking welcome
Calvin 7182133320
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,250 SF
Building Class
C
Year Built
1931
Price
$3,100,000
Price Per SF
$953.85
Cap Rate
10%
NOI
$310,000
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.31
Lot Size
0.06 AC
Zoning
R6B - Medium density residential district
Frontage
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
- Signage
Property Taxes
| Parcel Number | 00692-0008 | Improvements Assessment | $209,070 |
| Land Assessment | $45,000 | Total Assessment | $254,070 |
Property Taxes
Parcel Number
00692-0008
Land Assessment
$45,000
Improvements Assessment
$209,070
Total Assessment
$254,070
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