25-72 steinway street - modernspaces nyc...property description: 25-72 steinway street is a three...
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MIXED USE INVESTMENT FOR SALE
25-72 STEINWAY STREETASTORIA, NEW YORK 11103
Property Information
Address:25-72 Steinway Street, Astoria, NY 11103
Location:West side of Steinway Street between 25th and 28th Avenues
Block / Lot: 654 / 93
Lot Dimensions: 18.58’ X 95.83’ (Approximate)
Building Size:3,240 Square Feet (Approximate)
Units: 1 Commercial, 2 Residential
Zoning: C4-2A
Taxes (17/18): $7,221
C O N T A C T
E VA N J. DA N I E L
Executive Vice President516-508-8189
E DWA R D D I TO M AS S O
Sales Team Manager347-987-4815
WWW.EVANDANIELRE.COM
AS H L E Y G R E B OW
Director of Sales 718-451-8822
AS K I N G P R I C E : $ 2 , 4 00,000
See page 2 for financials and floorplans
A N D R E W GO N SA LV E S
Salesperson 646-925-0943
N ATA L I E S E I T Z
Salesperson718-440-4387
Natal [email protected]
Property Description: 25-72 Steinway Street is a
three unit, pre-war, mixed use building located
on a major commercial thoroughfare. The retail
unit is currently occupied and has a lease that
expires in 2027. The residential units will be
delivered vacant. 25-72 Steinway street offers
significant upside through renovation of the
two residential units. In addition, the property
offers approximately 2,103 square feet of air
rights. The combination of the location and the
potential revenue make this property a prime
opportunity for an investor or 1031 exchange
buyer.
WWW.EVANDANIELRE.COM
See page 1 for property information
Unit Size Rent
Store 1,080 S.F. $6,000
1 3 BR $2,750*
2 3 BR $2,750*
Total Monthly: $11,500
Expenses
Real Estate Taxes (17/18): $7,221
Water/Sewer: $3,500
Insurance: $3,000
Gas/Electric: $4,200
Cleaning, Maintenance & Repairs: $3,900
Projected Total Expenses: $21,821
Projected Net Operating Income: $116,179
Projected Gross Income: $138,000
ASKING PRICE: $2,400,000
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guar-antee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
MIXED USE INVESTMENT FOR SALE
25-72 STEINWAY STREETASTORIA, NEW YORK 11103
*Will be delivered vacant, assumes renovation.