For More Information, Please Contact Exclusive Agent:
Swain Weiner Maureen SantosPresident/Partner Associate646.319.1084 718.786.5050 ext. [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 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.
Greiner Maltz Investment Properties24-09 38th Avenue
2nd FloorLong Island City, NY 11101
718.786.5050www.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 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.
FLOOR PLANS
25-72 Steinway St. Astoria, NY 11103
RETAIL SPACE SECOND FLOOR THIRD FLOOR
