googleplus facebook twitter linkedin link

Mixed Use Investment Property on Steinway Street for Sale

30-59 Steinway Street, Astoria

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.

Listing Highlights
Pets:No Pets