MLS#936699
STATUSActive
PROPERTY TYPECommercial -
Property Description
This rare and contiguous portfolio of four mixed-use buildings offers investors a unique opportunity to acquire a stable, income-producing asset in one of Astoria's most sought-after commercial corridors. With a diversified tenant base comprised of free market medical and retail spaces and seven rent stabilized residential units, the portfolio delivers resilient cash flow and significant value-add potential.Strategically located on Steinway Street, a major commercial artery known for high foot traffic and ongoing public investment, this C4-2A zoned property portfolio benefits from excellent visibility, a strong local demographic and is an in-transit zone. All rent stabilized residential units and one commercial space are currently leased. This property has an upside benefit of unrealized rent for one free market commercial retail space expected to be delivered vacant.The mix of seven rent stabilized residential units (1 three bedroom; 1 two bedroom; 5 one bedrooms) and 2 commercial spaces (1 medical office; 1 retail space) offers income diversity and long-term stability, appealing to both value-add and yield-focused investors.Key Investment Points:100% occupancy across all residential units, one free market commercial space occupied, one retail space is in legal transition and is expected to be delivered vacant.Flexible C4-2A zoning for mixed-use or potential future redevelopment - Located near N/W trains, major bus routes, and Queens roadways.Photos have been virtually cleaned. All info including but not limited to tax, size, lot, zoning, age of property deemed to be accurate but not guaranteed and should be verified by buyer.
Property Features
Property Type: Commercial -
Basement: Full, Storage Space
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Oil
Stories: 2.0
Taxes: $73,925
Year Built: 1925
Feature Descriptions
Building Area Total: 12870
Business Type: Medical, Residential, Retail
Exterior: Block
On Market Date: 2026-04-06
Parcel Number: 00676-0033/32/31/30
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 9
Utilities: Electricity Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Keller Williams Rlty Landmark
Agency Contact: 718-475-2700
Shown By
Agent Name: Dawn Viola
Agent Phone: Cell: (631) 774-4369
Agency Title: Coldwell Banker American Homes
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32-33/35/37/39 Steinway Street | MLS# 936699
This commercial property located at 32-33/35/37/39 Steinway Street, Astoria, NY 11103 is currently listed for sale with an asking price of $4,600,000. Search Astoria real estate on www.dawnviolarealtor.com today.