Mixed-Use Building in Astoria

25-39 Steinway St Astoria , NY 11103

25-39 Steinway St, Astoria , NY, 11103
25-39 Steinway St, Astoria , NY, 11103 25-39 Steinway St, Astoria , NY, 11103 25-39 Steinway St, Astoria , NY, 11103
Property Type:
Mixed Use
Cap Rate:
Last Verified:
Sep 18, 2023

• For Sale: Mixed-Use Building in Astoria, NY • Composed of (1) Commercial Unit & (2) Residential Units • Residential Units are 4-Beds 1-Bath • Residential Units are Currently Paying Below-Market Rents • Utilities are Separately Metered • Located Near Astoria Blvd, the Grand Central Pkwy, Northern Blvd, & the Brooklyn Queens Expy • Surrounded by Other Neighborhood Retail Spaces such as Restaurants, Pharmacies, Dunkin', Liquor Stores, & More

Map of 25-39 Steinway St, Astoria , NY, 11103

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.