Long Island City - Beach Property For Sale #7171003

Location, Location, Location! Exceptional mixed-use investment opportunity in the heart of Long Island City/Astoria! Built in 2017, this modern 4-story 22,155 SF elevator building offers a fully leased, turn-key setup with 10 residential units and 2 ground-floor commercial spaces.

The residential portion includes:

Four (4) one-bedroom units on the second floor

Four (4) one-bedroom units on the third floor

Two (2) spacious two-bedroom, two-bath units on the fourth floor

Each unit is separately metered, and tenants pay their own utilities. Additional tenant-friendly features include on-site laundry and individual storage lockers.

The commercial units benefit from excellent visibility and foot traffic on Steinway Street, one of Queens' most active retail corridors. Both units include basement access, enhancing their usability and tenant appeal.

Situated on a 4,750 SF lot with C4-2A zoning, the building enjoys significant tax advantages, including a 421-a abatement on the residential portion and ICAP abatement on the commercial units--keeping 2024 property taxes at just $34,663.

Conveniently located near multiple public transit options:

Walking distance to N/W and M/R subway lines

Steps from multiple MTA bus routes

Quick access to BQE, Grand Central Parkway, and RFK Bridge

This is a rare chance to own a modern, low-maintenance, income-generating asset in one of Queens' most dynamic and accessible neighborhoods. With stable in-place cash flow, long-term upside, and ideal positioning for 1031 exchange buyers or long-term investors, this property checks every box.

Schedule your private tour today and discover the full value of this premier mixed-use asset!