The Astor

36-20 Steinway Street, Long Island City, NY

Market Price

Price

136,005 sqft

Building Size

1.1343 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
136,005 sqft
Lot Area
1.1343 acres
Units
143
Floors
6
Parking Spots
200
Description

Avison Young is pleased to present an outstanding opportunity to acquire the 99-year leasehold position with 92 years remaining at 36-20 Steinway Street, known as The Astor (the “Property”), a newly constructed six-story, 70/30 asset situated in the thriving Long Island City. The fully occupied property boasts 421a and ICAP tax abatements, along with a freshly secured 20-year retail lease to Lexus, ensuring a steady and reliable cash flow from day one.

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Highlights
  • Long-Term Affordable New York (421a) and ICAP Tax Abatements
  • New 20-Year Retail Lease to Lexus of Queens with a Corporate Guarantee
  • Strong Presence in Bustling Retail and Residential Corridor
  • Experience the Pinnacle of Luxury in the Thoughtfully Designed Units
  • Premier Amenities for Modern Living
  • Long Island City is the Fastest Growing Neighborhood in the Country and is Experiencing Some of the Highest Rental Growth in New York City
  • Submarket Appreciation
  • Convenient Access to Public Transportation
Documents
Location
Gallery