FOR SALE 18-65 Steinway Street Astoria, NY 11105
~15,000 SF Two Story Flex Building Asking Price with Ground Floor Indoor Parking $5,500,000 PROPERTY FEATURES
PROPERTY INFORMATION BUILDING INFORMATION ZONING INFORMATION FINANCIAL INFORMATION ADDRESS BUILDING SQ. FT. ZONING ASSESSMENT (20/21) 18-65 STEINWAY STREET, ASTORIA 14,860 Approx. M1-1 $600,840 LOCATION BUILDING DIMENSIONS COMMERCIAL FAR TAX RATE BETWEEN 19TH AVENUE AND 80’ x 100’ Approx. 1.0 10.694% BERRIAN BOULEVARD STORIES COMMUNITY FACILITY FAR TAXES (20/21) BLOCK / LOT 2 2.4 $64,454 802 / 102 LOT DIMENSION 80’ x 100’ Approx. GROSS LOT SQ. FT. 8,001 Approx.
PROPERTY SUMMARY
Cushman & Wakefield has been exclusively retained to arrange Street, 20th Avenue, Hazen street along with access to the NW for the sale of 18-65 Steinway Street in Astoria, NY. 18-65 subway line located at 31st Street & 23rd Avenue. Steinway Street is ~15,000 SF flex-building across two floors comprised of both office and warehouse/parking space. The 18-65 Steinway Street is located near “WildFlower Studios” which property is configured with two-ground floor warehouse/garages is currently under construction and slated for 500,000 SF film (15’ & 11.5’ ceiling heights) along with ten (10) office spaces and studio on 5.25 acres along 19th Avenue, LaGuardia International one (1) legal care takers unit. Airport and Astoria Park which recently undergone a $30MM renovation. The building was built by the owner and it’s the first The subject property is in proximity to both to the Grand Central time on the market for sale. Parkway & Brooklyn/Queens Expressway which allows for seamless connectivity to all boroughs and Long Island. Nearby Property inspections are by appointment only. Please inquire public transportation includes several bus lines (Q100, Q101, Q69) with Exclusive Brokers for more information. along Ditmars Boulevard, 21st Street, Astoria Boulevard, Steinway
18-65 Steinway Street Astoria, NY 11105 FINANCIAL SUMMARY
REVENUE EXPENSES
MONTHLY LEASE MONTHLY TAX MONTHLY UNIT TENANT PROPERTY TAXES (20/21) $64,254 RENT EXP. RECOVERY RENT WAREHOUSE 1 AXIS CONSTRUCTION $11,845.00 M/M - $6,400 WATER AND SEWER $900
WAREHOUSE 2 GENDIS MARKETING $9,224.05 AUG-21 $1,015 $7,353 INSURANCE $4,200
OFFICE #1 HARDESTY & HANOVER $23,339.80 M/M - $1,200 FUEL (GAS) $1,200
OFFICE #2 POLONIA RESTORATION $3,582.17 JAN-23 - $700 ELECTRIC (COMMON AREA) $6,500
OFFICE #3 GBL MECHANICAL $9,224.05 JUN-21 - $750 REPAIRS AND MAINTENANCE $3,715
OFFICE #4 POLONIA RESTORATION $23,339.80 JAN-23 - $700 HANDICAP LIFT INSPECTION $1,000
OFFICE #5 GBL MECHANICAL $3,582.17 JUN-21 - $750 TOTAL EXPENSES $(81,769)
OFFICE #6 OLIVERIA CONTRACTING $9,224.05 MAR-22 - $3,000 NET OPERATING INCOME $214,910
OFFICE #7 ENVIRONMENTAL MNG $23,339.80 JUN-22 - $825
OFFICE #8 P&M AGENCY $3,582.17 DEC-24 - $773
OFFICE #9 P&M AGENCY $3,582.17 DEC-24 - $773
OFFICE #10 KLG CONTRACTING $3,582.17 M-M - $1,500
GROSS MONTHLY REVENUE: $24,723
GROSS ANNUAL REVENUE: $296,679
TAX MAP
STEINWAY STREET BERRIAN BLVD LOT 102 19TH AVENUE
41ST STREET
18-65 Steinway Street Astoria, NY 11105 PROPERTY PHOTOGRAPHY
INTERIOR PHOTOS
18-65 Steinway Street Astoria, NY 11105 PROPERTY MAP 0.2 Mi from Wildflower Studios
1.3 Mi from 1.7 Mi from Ditmars Blvd LaGuardia Station Airport
2.0 Mi from Interstate 278 2.0 Mi from Grand Central Parkway
Demographics 88,620 $73,001 34 Population Median Household Income Median Age
18-65 Steinway Street Astoria, NY 11105 Stephen R. Preuss Andreas Efthymiou Rani Bendary Vice Chairman Director Associate +1 718 512 2118 +1 718 512 2621 +1 718 512 2106 [email protected] [email protected] [email protected]
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