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15616576
15616563

25-76 Steinway St, Queens, NY 11103

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team
$2,250,000
811 days on market
Updated 60 days ago

25-76 Steinway St: Prime location 2 Family with Store

Details
APN 0654-095
Property Type Mixed Use, Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 1,989
Net Rentable (SqFt) 1,989
Units 3
Cap Rate 5.53%
NOI $124,400
Tenancy Multi
Lease Type Modified
Remaining Term 4
Broker Co-Op Yes
Class C
Year Renovated 2010
Buildings 1
Stories 3
Lot Size (SqFt) 1,781
Zoning C4-2
Investment Type Owner/User
Tenant Credit No Credit Rating
Ground Lease No
Ownership LLC

Prime Location Mixed Use 2 Family with store: 25-76 Steinway Street, Astoria, NY, 11103

Marketing description

Prime Astoria location mixed-use 2 Family with a grocery store.

The Store is 1,100 SF (w/full bsmt) and the 2 apartments are 1,000 SF each.

Apartments have no leases. Store has a lease until 8/2028.

Yearly Income: $163,000 .

Yearly Expenses: $38,600.

Net Income $124,400.

Property is situated in an extremely desired area near Manhattan,near Astoria Park, near the subway, near LaGuardia Airport.

Great commercial area with all conveniences nearby . Heavy pedestrian traffic. Stores and Apartments are easy to rent in this area.

*The Victor Weinberger Team at Re/Max Team, Inc

*917-806-7040 (cell)

*917-591-8000 (eFax)

*718-429-4400 (office)

*E-mail: VWremax@gmail.com

*Web: http://www.VictorWeinberger.com

*140,000+ agents / 8,000+ offices / 110+ countries

Investment highlights

High Pedestrian Traffic

Near All

Walk to Subway

Listing Contacts

VW
NY, NY 40WE0641759
RE/MAX Team
Listed by RE/MAX Team

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$124,400.00
$10,366.67/mo

Valuation Metrics

0
DSCR
5.53%
Cap Rate
5.53%
ROI

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