31-79 Steinway St
Astoria, NY 11103

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a prime, 25’ wide, single-story, plus basement, retail building totaling approx. 2,250 sq. ft. with an additional 4,500 sq. ft. of air rights in the heart of Astoria, Queens, NY. The property, which can be delivered vacant, is currently leased to a 99 Cents Discount Store, which is in their first year of the only 5-year option written into the original lease. The current rent of $171,840 per annum or $76.37 per square foot, represents approx. 85% of market value, presenting investors with tremendous upside potential on one of Queens’ strongest retail corridors. The building is located on the east side of Steinway Street, just north of Broadway, amongst national retailers such as CVS, Duane Reade, TD Bank, Gap, GNC, Bath & Body Works, Express, Victoria’s Secret, McDonald’s, Verizon Wireless, FedEx, GameStop, Zales and many more.