New Construction Mix-Use for Sale | 2534-2538 Steinway St
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New Construction Mix-Use for Sale 2534-2538 Steinway St
13 Unit Block of Flats £7,746,049 (£595,850/Unit) 5.30% Net Initial Yield Astoria, NY 11103
Investment Highlights
- 421-a Tax Abatement
- New Construction, Fully leased.
- The property is located in one of the best retail corridors in Queens.
Executive Summary
NY Space Finders has been retained as the exclusive real estate firm to market the above referenced property.
Mix-Use Building that consist of two (2) commercial units on the ground floor with basement, four (4) one-bedroom units on the second floor; four (4) one-bedroom units on the third floor and two (2) two-bedroom two bath units on the fourth floor.
The property is located in one of the best retail corridors in Queens. Close to public transportation options offers an exceptional convenience for the tenants.
This new construction building will be delivered with the benefit of a 421-a tax abatement for the residential portion of the building as well as a ICAP abatement for the commercial portion. Tenants are responsible for their own heating costs, which reduces the expenses to a minimum. It also has a coin-operated laundry and storage lockers on site.
This is a prime opportunity with extra revenue streams and great tax benefits for Astoria NY Investment Property.
Mix-Use Building that consist of two (2) commercial units on the ground floor with basement, four (4) one-bedroom units on the second floor; four (4) one-bedroom units on the third floor and two (2) two-bedroom two bath units on the fourth floor.
The property is located in one of the best retail corridors in Queens. Close to public transportation options offers an exceptional convenience for the tenants.
This new construction building will be delivered with the benefit of a 421-a tax abatement for the residential portion of the building as well as a ICAP abatement for the commercial portion. Tenants are responsible for their own heating costs, which reduces the expenses to a minimum. It also has a coin-operated laundry and storage lockers on site.
This is a prime opportunity with extra revenue streams and great tax benefits for Astoria NY Investment Property.
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
Site Amenities
- Controlled Access
- Laundry Facilities
- Storage Space
- Lift
- Sundeck
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Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (80)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £141,850 | |
| Land Assessment | £9,231 | Total Assessment | £151,081 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£9,231
Improvements Assessment
£141,850
Total Assessment
£151,081
zoning
| Zoning Code | C4-2 (Regional commercial center located outside of the central business districts) |
| C4-2 (Regional commercial center located outside of the central business districts) |
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New Construction Mix-Use for Sale | 2534-2538 Steinway St
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