Astoria, NY 11103,25-34 Steinway ST

$9,150,000

Est. payment /mo

$9,999,000

8.5%
Est.Price: ?

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25-34 Steinway ST Astoria, NY 11103

14,250 SqFt

SOLD DATE : 08/29/2023

Key Details

Sold Price $9,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 14,250 sqft

Price per Sqft $642

MLS Listing ID L3444577

Sold Date 08/29/23

HOA Y/N No

Rental Info No

Year Built 2020

Annual Tax Amount $34,663

Source onekey2

Property Description

The subject property is a 4-Story elevatored mix-use building which is comprised of (2) commercial units on the ground floor w/ basement, (4) one-bedroom units on the second floor; (4) one-bedroom units on the third floor & (2) two-bedroom two bath units on the fourth floor. This mix-use building is anchored by Sitan Gym and Gorillas Technologies. The building is located in one of the best retail corridors in Queens. The property benefits from a 421-a and ICAP tax abatements that will keep real estate taxes minimal with the future upside of free market units. Tenants are responsible for their own electricity which includes heat. Each apt has a mini split unit and are separately metered which keeps the day-to-day operating expenses to a minimum. There is also an on-site coin-operated laundry & on-site storage lockers. With extra revenue streams & great tax benefits, this high-quality, meticulously maintained investment property is a prime opportunity that is simply too good to miss., Building Size:50 x 62

Location

State NY

County Queens

Interior

Heating Electric

Fireplace No

Exterior

Private Pool No

Building

Story 4

Others

Special Listing Condition None

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Listed by Happy 8 Realty Corp • Michael Lou
Bought with Grand Brilliant Realty NY Inc
Olivia Rodriguez

Olivia Rodriguez

Agent | License ID: 2185979

+1(908) 758-7671

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