Assignments

ASTORIA COMMERICAL BUILDING WITH PARKING

34-31 Steinway Street, Astoria, NY 11101

34-31 Steinway Street, Astoria, NY 11101

under contract

Asking
Sale Price
$
5700000

Property Details

Status
For Sale
Property Type
Retail + Office
Price Summary
$
5700000
Sale Price
$
Buildable SF
0
Building SF
0
LOT SF
0
Cap RATE
%
Zoning
C4-2A (R6A Equivalent)

Highlights

- Fully occupied commercial building

- 21 Below Grade Parking Spaces

- Built in 2003

- Upper floor tenants contribute to taxes, insurance and CAM

- Located 1 block away from the M and R trains

Property DEscription

Landair Property Advisors has been exclusively retained to sell 34-27 and 34-31 Steinway Street in the Astoria section of Queens. The asset consists of a 3-story elevatored commercial building with 15,975 SF. The property is located less than 1 block from the M and R subway stop located at the corner of Steinway Street and 34th Avenue. Built in 2003, the property benefits from high ceilings, expansive views and below grade parking. The entrance to the parking is on 41st Street behind the property. With below market rents in place, there is potential to increase the cash flow as leases roll. Additionally, there is 5 years remaining on the ICIP tax abatement.

Map

Anand Melwani
Partner
(646) 559-4700
AM@landairnyc.com
Alexandre Goulet
Partner
(646) 559-4700
ag@landairnyc.com

Documents

Offering Memorandum
Data Room

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