As one of the most densely populated and stable neighborhoods anywhere in NYC you are sure to enjoy low vacancy rates and added peace of mind as the new owner of the ‘Steinway House’. You can step right outside the building and walk to a host of wonderful dining options, shopping and parks while quick access to the Brooklyn Queens Expressway and La Guardia Airport. This desirable location for renters with a wonderful blend of chic Astoria and the NYC lifestyle comes to life in this sought-after region. Renowned restaurants and cool cafes add to the charm of this prized locale all wrapped in a vibrant, stylish and creative atmosphere that feels safe and inviting for people of all ages and backgrounds. A blooming art scene is also underway with museums just waiting to be explored.
In Astoria, you will discover some of the best public schools, picturesque parks and shopping from the local grocery store to bustling retail hubs and so much more. The Astoria neighborhood offers the very best of NYC in a small laid-back community making this an eclectic place to call home. They will enjoy a central location between 25th Avenue and 28th Avenue with the N and W subway station short steps away. Steinway House is perfectly positioned close to everything a tenant could ever need or desire. Amenities like this create a thriving community-based feel within the building and add an extra drawcard for tenants eager to find their dream residence. This is sure to be a favorite gathering place for parties, Sunday brunches, birthdays or simply relaxing with a cool drink as the sun sets over the city. There is an oversized Otis® elevator that accesses all levels, a video intercom system, 24-hour camera surveillance, electronic access control system, roof deck, on site laundry and on site storage as well as a building wide fire sprinkler system which is linked to a central station monitored fire alarm panel ensuring the safety of your tenants and your building.įor residents enjoyment, there is a beautiful and private rooftop terrace with sweeping views over the neighborhood and out to the twinkling NYC skyline. With extra revenue streams and great tax benefits, this Astoria NY investment property is a prime opportunity that is simply too good to miss.Īs you might expect in a building of this caliber, the long list of additional features is sure to tick all the boxes. There is also an on-site coin-operated laundry and on-site storage lockers, which both add convenience for tenants as well as an additional income for the future owner. Tenants are responsible for their own heating costs, which keeps the day-to-day operating expenses to a minimum.
As a new construction project the building enjoys a 421-a tax abatement for the residential portion of the building as well as a ICAP abatement for the commercial portion. You will never be short on businesses eager to use this prized location as a launching pad for their thriving venture.įor the money-minded, this is an excellent property to hold onto as a long-term investment and watch it grow and thrive well into the future. It is situated close to highways, airports, schools and houses of worship as well as an abundance of restaurants, nightlife, and cultural institutions. Steinway Street has very high traffic and visibility. The building is located in one of the best retail corridors in Queens. This mix-use building already has two commercial anchor tenants in place including Sitan Gym and 15/20, a fifteen to twenty-minute tech-driven grocery delivery service. The Steinway House consists 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.
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