23-66 Steinway St - Storefront Retail/Residential FOR SALE


Astoria, NY 11105
$2,650,000 USD
212-991-8983
23-66 Steinway St, Astoria, NY for Sale
$2,650,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | 8.5% Cap Rate

23-66 Steinway St
Astoria, NY 11105


HIGHLIGHTS

  • New Roof, New Systems, Good Condition, Stable tenancy, High NOI

OVERVIEW

Unlock a spectacular investment opportunity with this 4125s SF mixed-use building located on 28 Steinway Street in Astoria. Featuring a ground-floor commercial space, currently operating as a thriving club with an active 4 AM liquor license, full bar, kitchen, and event-ready lower level. Property also includes two fully updated residential units on the upper floors. The property offers 25 FT of street frontage in a high-visibility location, drawing strong foot traffic and demand. With $21,500 in monthly rental income from long-term tenants and recent upgrades including a new roof, HVAC system, and 2023 water heater, this investment/location is designed for stability and growth. This is being sold as a true 8.5 Cap. Situated in the heart of Astoria, the building is just minutes from major transit like Astoria Boulevard and Ditmars Boulevard stations, as well as LaGuardia Airport, making it highly accessible. Zoned R5/C2-2, the property provides medium-density residential and commercial flexibility, with the potential to add additional SF, ideal for owners or investors looking to maximize long-term value. To note, the club is not being sold and is under lease, the residential tenants are month to month at below market rate.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R5,C2-2

APN/PARCEL ID

00803-0073

ASK ABOUT THIS PROPERTY

Archibald RowanEXR CommercialMore Info
212-991-8983

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Archibald RowanEXR CommercialMore Info
212-991-8983

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