23-66 STEINWAY ST Queens NY 11105

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.