- Bedrooms: 10
- Size: 2058.27 m²
- Price: $9,998,000
Location, Location, Location! Exceptional mixed-use investment opportunity in the heart of Long Island City/Astoria! Built in 2017, this modern 4-story elevator building spanning 2,058 sq ft offers a fully leased, move-in ready configuration with 10 residential units and 2 ground-floor retail spaces.
The residential portion includes:
Four (4) one-bedroom units on the second floor
Four (4) one-bedroom units on the third floor
Two (2) spacious two-bedroom, two-bathroom units on the fourth floor
Each unit is individually metered and tenants pay their own utility bills. Additional tenant-friendly amenities include on-site laundry facilities and individual storage lockers.
The retail units benefit from excellent visibility and foot traffic on Steinway Street, one of Queens' most active retail corridors. Both units include basement access, enhancing their usability and appeal to tenants.
Situated on a 4,855 sq ft lot with C4-2A zoning, the building enjoys significant tax advantages, including a 421-a abatement on the residential portion and ICAP abatement on the commercial units – keeping 2024 property taxes at just $34,663.
Conveniently located near multiple public transportation options:
A short walk to the N/W and M/R subway lines
Steps away from various MTA bus routes
Quick access to the BQE, Grand Central Parkway, and RFK Bridge
This is a rare chance to own a modern, low-maintenance, income-generating asset in one of Queens' most dynamic and accessible neighborhoods. With stable cash flow, long-term appreciation potential, and ideal positioning for 1031 exchange buyers or long-term investors, this property checks all the boxes.
Property Type:
Mixed-use | Subtype: mixed-use | Residential Units: 10 | Year Built: 2017
10 bedrooms in nearby cities
- Building for Sale in Bronx - New York - USA Bronx $1,150,000
- Mixed-Use Building for Sale in Astoria - New York - USA Astoria $13,000,000
- 10 Bedroom Home for Sale in Suffern - New York - USA Suffern $2,999,000
- 10 Bedroom Home for Sale in Pine Plains - New York - USA Pine Plains $3,995,000
- 10 Bedroom Home for Sale in Brooklyn - New York - USA Brooklyn $999,000
- 10 Bedroom Home for Sale in Middletown - New York - USA Middletown $630,000