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Unique Mixed-Use Property in Astoria’s Industrial District

18-48 Steinway Street, 1, Astoria
Description

10-31? Yes. Investment? Yes. Work/Live? Yes. 4% CAP? Yes. Completely renovated? Yes.

Astoria’s industrial area from 36th Street to 45th Street and from Berrian Boulevard to 19th Avenue has always been a desired area for manufacturing companies, contractors and those seeking warehouse space in a location with great access to all the local highways, bridges & tunnels.

Today I am excited to bring to market this unique mix-use property located at 18-48 Steinway Street, which sits on a 55′ x 100′ lot with an M1-1 zoning and features unparalleled flexibility of use and income potential. No expense has been spared in renovating and developing this property so that the next owner literally has a “turn-key”opportunity staring them in the face.

The lot features an enclosed “warehouse” space totaling 3,000 square feet with dual access rolling gates front & back along with 20 foot high ceilings and access to an additional 1,400 square foot backyard to accommodate almost any need or use imaginable.

Next to the warehouse is a two-story mix-use property with 2 residential units and 1 commercial unit.

The property has a current application with the City of New York which will abate a portion or all of the taxes on the property for the next 25 years depending on the City’s decision.

Additionally there is an application with the City of New York on an incentive program which will effectively lower the utilities (gas & electricity) for the entire property by as much as 30-40%.

For more information please request a set up sheet and DO NOT miss out on this great investment.

Listing Highlights
Price:$2,695,000
RE Tax:$42,000
Downpayment:30%
Type:Mixed-use
Room:8
Bedrooms:3
Bathrooms:2
Half Bathrooms:1
Pets:Allowed
Approx. Sq Ft:5500
Approx. Outdoor Sq Ft:1400
Number of Floors:2
Number of Units:2
Status:Active
ID:119969
Amenities
  • Backyard
  • Front Yard & Grill
  • Hardwood Floors
  • Outdoor Space
  • Storage
Agents