The subject property is a 3 story mixed use building located on Steinway Street in Long Island City. The building has two (2) stores, a parking lot, a warehouse, and twelve (12) apartments. There is a full basement with 4,500 square feet that is used by Sleepy’s as a showroom. This property poses an excellent opportunity to own a prime investment property on one of Queens’ most desirable streets. The current net operating income is $410,085 per year. In December 2008 the rent from Sleepy’s will increase by 12% and the rent from Sytlos willl increase by 3% Ideal 10-31 tax deferred exchange property.