For More Information, Please Contact Exclusive Agent: Swain Weiner Maureen Santos President/Partner Associate 646.319.1084 718.786.5050 ext. 202 [email protected][email protected]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 guarantee 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. Greiner Maltz Investment Properties 24-09 38th Avenue 2nd Floor Long Island City, NY 11101 718.786.5050 www.greinermaltz.com PRIME MIXED-USE BUILDING FOR SALE IN ASTORIA Property Information: Block/Lot: 654/93 Lot Dimensions: 19’ x 96’ Lot SF: 1,781 Building Dimensions: 19’ x 60’ Stories: 3 Total Building SF: 4,320 Zoning: C4-2A F.A.R: 3.00 Assessment (17/18): $1,095,000 R.E. Taxes (17/18): $7,500 DESCRIPTION The subject property is a 3-story mixed-use building in Astoria between 28 th Avenue and Astoria Boulevard South. It consists of 2 (2) bedrooms and 1 bathroom apartments and 2,160 SF of retail space. Commercial space has a ten year lease which began in 2017. The retail tenant has been in business for over 20 years. Second floor apartment is currently occupied and third floor apartment is vacant. The subject property is conveniently located near the Q18, Q19 and Q101 bus lines. This is an excellent opportunity for an owner, user and investor. REDUCED PRICE: $2,150,000 25-72 Steinway Street, Astoria, NY 11103
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For More Information, Please Contact Exclusive Agent:
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 guarantee it. All zoning, buildable footagesand 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 theseestimates 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 OFINCOME, AND ALL OTHER INFORMATION HEREIN.
The subject property is a 3-story mixed-use building inAstoria between 28th Avenue and Astoria BoulevardSouth. It consists of 2 (2) bedrooms and 1 bathroomapartments and 2,160 SF of retail space. Commercialspace has a ten year lease which began in 2017. Theretail tenant has been in business for over 20 years.Second floor apartment is currently occupied and thirdfloor apartment is vacant. The subject property isconveniently located near the Q18, Q19 and Q101 buslines. This is an excellent opportunity for an owner, userand investor.
REDUCED PRICE: $2,150,000
25-72 Steinway Street, Astoria, NY 11103
Aerial View
Transit Map
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 guarantee it. All zoning, buildablefootages 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 dependentupon 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 CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
NEIGHBORHOOD INFORMATION
25-72 Steinway St. Astoria, NY 11103
FINANCIAL INFORMATION
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 guarantee it. All zoning, buildablefootages 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 dependentupon 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 CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
REVENUE:
Unit LXP Size Monthly Rent Annual Rent
Apt. 1 TBD 2 BR; 1 BA $2,000 $24,000
Apt. 2 Vacant 2 BR; 1 BA $2,500 $30,000
Store 6/2027 2,160 SF $6,000 $72,000
$10,500 $126,000Total
25-72 Steinway St. Astoria, NY 11103
ESTIMATED EXPENSES
Real Estate Taxes (17/18): $7,500
Electric, Gas: Paid by Tenants
Water/Sewer: $3,100
Insurance: $3,300
Repairs & Maintenance: $3,500
Total: $17,400
FINANCIAL SUMMARY
Gross Annual Income: $126,000
Less R.E. Taxes: $7,500
Less Operating Expenses: $9,900
Net Operating Income: $108,600
Zoning Map
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 guarantee it. All zoning, buildablefootages 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 dependentupon 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 CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
