3064 Steinway St, Astoria, NY 11103

Commercial building with Single retail tenant for sale in the heart of Astoria, with potential to expand up to 5196 sqft!
The subject property is a 2-story plus basement commercial building in a prime location of Astoria. The building is located minutes away from the N,W,M,R train station and 3 minutes away from I278 Expressway. The tenant has been there for 20 years, $8500/month rent till Dec. 2024. The current rent is way below the market rate, a lot of potentials to increase.
Current owner filed for a tax grievance with the city. A hearing is scheduled for Oct 2020. Seller is expecting a tax reduction