31- 35 steinway street...formerly occupied by victoria's secret, the subject property is a two...

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PROPERTY DESCRIPTION Formerly occupied by Victoria's Secret, the subject property is a two story, elevator serviced, 9,000 SF (approx.) retail building with 4,500 SF (approx.) of additional air rights, situated on a 4,500 SF (approx.) lot. Sandwiched between two adjacent retail buildings, the property enjoys 50 feet of frontage on the east side of Steinway Street between Broadway and 31st Avenue. Situated in a C4-2A zoning District, the property has a residential, commercial and Community use FAR of 3.0, which equates to a max development potential of 13,500. PROPERTY HIGHLIGHTS Centrally located in Astoria, Queens Prime Retail Corridor - 50' of Frontage on Steinway Street In proximity to a tremendous amounts of restaurants, bars and other nightlife locations Open layout Less than 1 block to the Steinway Street M and R subway station Less than .75 mile to the Grand Central Parkway 10 minutes into Manhattan Elevator Serviced Across the street from public parking B6 Real Estate Advisors, LLC copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). It is the responsibility of the prospective purchaser to make an independent determination as to the condition of the property (or properties) in question and cannot rely upon any representation made by B6 Real Estate Advisors, LLC or any broker associated with B6 Real Estate Advisors, LLC. PROPERTY INFORMATION Block - Lot: 678 - 27 Lot Dimensions: 50’ x 90’ Lot Sq. Ft.: 4,500 SF Building Dimensions: 50’ x 90’ Building SF – Above grade: 9,000 SF Building SF – Legal basement: 4,500 SF Stories: 2 plus legal basement Zoning: C4-2A FAR: 3.0 Available Air Rights: 4,500 SF Assessment (19/20): $2,197,299 Tax Rate (Tax Class 2): 12.473% RE Taxes (19/20): $201,529 ASKING PRICE $6,500,000 31-35 Steinway Street ASTORIA, NY 11103 FOR SALE | 2-Story / Legal basement Elevator Serviced Retail Property with ~4,500 SF of Air Rights 50’ OF FRONTAGE ON STEINWAY STREET C4-2A ZONING DISTRICT ~13,500 BSF DELIVERED VACANT THOMAS DONOVAN Partner, Vice Chairman 646 933 2635 tdonovan @b6realestate.com TOMMY LIN Director 646 933 2636 tlin @b6realestate.com DJ JOHNSTON Partner, Sr. Managing Director 646 933 2619 djohnston @b6realestate.com BEN RECHLER Associate 646 933 2657 brechler @b6realestate.com

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Page 1: 31- 35 Steinway Street...Formerly occupied by Victoria's Secret, the subject property is a two story, elevator serviced, 9,000 SF (approx.) retail building with 4,500 SF (approx.)

PROPERTY DESCRIPTION

Formerly occupied by Victoria's Secret, the subject property is a twostory, elevator serviced, 9,000 SF (approx.) retail building with 4,500 SF(approx.) of additional air rights, situated on a 4,500 SF (approx.) lot.Sandwiched between two adjacent retail buildings, the property enjoys50 feet of frontage on the east side of Steinway Street betweenBroadway and 31st Avenue. Situated in a C4-2A zoning District, theproperty has a residential, commercial and Community use FAR of 3.0,which equates to a max development potential of 13,500.

PROPERTY HIGHLIGHTS• Centrally located in Astoria, Queens• Prime Retail Corridor - 50' of Frontage on Steinway Street• In proximity to a tremendous amounts of restaurants, bars and other

nightlife locations• Open layout• Less than 1 block to the Steinway Street M and R subway station• Less than .75 mile to the Grand Central Parkway• 10 minutes into Manhattan• Elevator Serviced • Across the street from public parking

B6 Real Estate Advisors, LLC copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). It is the responsibility of the prospective purchaser to make anindependent determination as to the condition of the property (or properties) in question and cannot rely upon any representation made by B6 Real Estate Advisors, LLC or any broker associated with B6 Real EstateAdvisors, LLC.

PROPERTY INFORMATION

Block - Lot: 678 - 27

Lot Dimensions: 50’ x 90’

Lot Sq. Ft.: 4,500 SF

Building Dimensions: 50’ x 90’

Building SF – Above grade: 9,000 SF

Building SF – Legal basement: 4,500 SF

Stories: 2 plus legal basement

Zoning: C4-2A

FAR: 3.0

Available Air Rights: 4,500 SF

Assessment (19/20): $2,197,299

Tax Rate (Tax Class 2): 12.473%

RE Taxes (19/20): $201,529

ASKING PRICE

$6,500,000

31-35 Steinway StreetASTORIA, NY 11103FOR SALE | 2-Story / Legal basement E levator Serv iced Retai l Property with ~4,500 SF of Air R ights

50’ OF FRONTAGE ON STEINWAY STREET C4-2A ZONING DISTRICT ~13,500 BSF DELIVERED VACANT

THOMAS DONOVANPartner , V ice Chai rman646 933 [email protected]

TOMMY LINDirector646 933 [email protected]

DJ JOHNSTONPartner , Sr . Managing Di rector646 933 [email protected]

BEN RECHLERAssociate646 933 [email protected]

Page 2: 31- 35 Steinway Street...Formerly occupied by Victoria's Secret, the subject property is a two story, elevator serviced, 9,000 SF (approx.) retail building with 4,500 SF (approx.)

B6 Real Estate Advisors, LLC copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). It is the responsibility of the prospective purchaser to make anindependent determination as to the condition of the property (or properties) in question and cannot rely upon any representation made by B6 Real Estate Advisors, LLC or any broker associated with B6 Real EstateAdvisors, LLC.

ADDITIONAL PROPERTY PHOTOS

31-35 Steinway StreetASTORIA, NY 11103FOR SALE | 2-Story / Legal basement E levator Serv iced Retai l Property with ~4,500 SF of Air R ights

Main Ground Floor Showroom Rear Ground Floor Showroom

Rooftop

Southern view of Steinway Street from Rooftop Municipal Parking Lot Located Across the Street

Roof HVAC Units

Second Floor Storage Area Second Floor Office Area

THOMAS DONOVANPartner , V ice Chai rman646 933 [email protected]

TOMMY LINDirector646 933 [email protected]

DJ JOHNSTONPartner , Sr . Managing Di rector646 933 [email protected]

BEN RECHLERAssociate646 933 [email protected]

Page 3: 31- 35 Steinway Street...Formerly occupied by Victoria's Secret, the subject property is a two story, elevator serviced, 9,000 SF (approx.) retail building with 4,500 SF (approx.)

B6 Real Estate Advisors, LLC copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). It is the responsibility of the prospective purchaser to make anindependent determination as to the condition of the property (or properties) in question and cannot rely upon any representation made by B6 Real Estate Advisors, LLC or any broker associated with B6 Real EstateAdvisors, LLC.

NEIGHBORHOOD RETAIL MAP

THOMAS DONOVANPartner , V ice Chai rman646 933 [email protected]

TOMMY LINDirector646 933 [email protected]

DJ JOHNSTONPartner , Sr . Managing Di rector646 933 [email protected]

BEN RECHLERAssociate646 933 [email protected]

31-35 Steinway StreetASTORIA, NY 11103FOR SALE | 2-Story / Legal basement E levator Serv iced Retai l Property with ~4,500 SF of Air R ights