2556 Steinway St Mixed Use
Mixed Use | 5,343 SqFt
Marketing description
3 story mixed use building located in the busiest section of Astoria on Steinway Street. Surrounded by restaurants and Cafes, close to shopping and transportations, banks and medical centers. The area is highly diverse neighborhood with all kinds of ethnic food and traditions.
The property was fully occupied and delivering an excellent cash flow around $13k a month. It is ideal for value-add investors. The top floor just became vacant a week ago.
It consists of 2 large apartments and a store on a month to month lease and rented way below market. The average store on the same block is rented today for $7500.
Property will be delivered with one vacant apartment!
Investment highlights
Excellent income.
Value add property with a lot of upsides.
Busy location.
Desirable neighborhood, and easy to lease.
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