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$ 2,390,000
Est. payment | /mo
2,260 Sqft Lot
$ 2,390,000
Est. payment | /mo
2,260 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 961702
Rental Info No
Year Built 1928
Annual Tax Amount $35,343
Lot Size 2,260 Sqft
Acres 0.0519
Property Sub-Type Retail
Source onekey2
Property Description
Exceptional opportunity to acquire a high-visibility, mixed-use masonry building located in the vibrant South Astoria retail corridor. Situated at 30-76 Steinway St, this versatile property features a total of 4,500 square feet across two levels plus a full 10-foot ceiling height basement. Each floor offers a spacious 2,250 square feet, providing an ideal footprint for retail, office, or residential conversion.
The property is situated within a C4-2A (R6A) zoning district, offering significant upside through expansion or redevelopment. Current approved plans allow for the conversion of the second floor into two independent 3-bedroom, 2-bathroom residential units (1,125 sq. ft. each). Completion of this conversion and the issuance of a new Certificate of Occupancy may offer significant tax stabilization benefits.
Located in a high-traffic destination with elite neighbors including Starbucks, Walgreens, Banana Republic Factory Store, and Planet Fitness. Accessibility is unmatched, being within walking distance to the Steinway St and 30th Ave stations, serving the E, F, N, W, and R subway lines. With a projected CAP rate exceeding 7% and additional air rights for vertical expansion (approx. 6,777 BSF total), this is a strategic asset for owner-users and savvy investors alike.
The property is situated within a C4-2A (R6A) zoning district, offering significant upside through expansion or redevelopment. Current approved plans allow for the conversion of the second floor into two independent 3-bedroom, 2-bathroom residential units (1,125 sq. ft. each). Completion of this conversion and the issuance of a new Certificate of Occupancy may offer significant tax stabilization benefits.
Located in a high-traffic destination with elite neighbors including Starbucks, Walgreens, Banana Republic Factory Store, and Planet Fitness. Accessibility is unmatched, being within walking distance to the Steinway St and 30th Ave stations, serving the E, F, N, W, and R subway lines. With a projected CAP rate exceeding 7% and additional air rights for vertical expansion (approx. 6,777 BSF total), this is a strategic asset for owner-users and savvy investors alike.
Location
State NY
County Queens
Rooms
Basement Common
Interior
Heating Baseboard
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available
Building
Sewer Public Sewer
Water Public
Structure Type Asbestos
Others
Special Listing Condition None
Listed by EXP Realty • Zhao Li
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