30-75 STEINWAY STREET, ASTORIA NY 11103
Contact Exclusive Broker: Rubin S. Isak, President Office: (212) 658-0985 | Email: [email protected]
FOR SALE: NNN BANK + OFFICE BUILDING | TENANT: ATLANTIC BANK (NYCB)
30-75 STEINWAY STREET, ASTORIA NY 11103 Location Block / Lot Lot Size Lot SF Building Size 1st Floor Dimensions 2nd Floor Dimensions 3rd Floor Dimensions # of Stories Building SF Zone Available Air Rights Assessment (17/18) RE Taxes (17/18)
Between 30th Ave & 31st Ave 680/15 23’ x 90’ (appx) 2,070 sq. ft (appx) 23’ x90’ (appx) 23’ x 90’ 23’ x 55’ 23’ x 55’ 3 + Cellar 4,600 sq. ft. (appx) C4-2A 1,610 sq. ft. $570,960 $60,373 (100% Paid by Tenant)
Goldenwood Property Advisors has been retained on an exclusive basis to arrange for the sale of 30-75 Steinway Street in Astoria. The subject property is a 4,600SF, 3-Story Bank + Office Building, containing a total of approximately 4,600 above grade SF. 30-75 Steinway Street is located on the east side of Steinway Street between 30th Avenue and 31st Avenue. This property offers 23 feet of frontage on Steinway Street. 30-75 Steinway Street is 100% occupied by Atlantic Bank, a Division of New York Commercial Bank, a publicly traded company on the New York Stock Exchange under the symbol “NYCB”, until August 31, 2021 with two (2) five-year options; bringing the lease out to October 31, 2032. The tenant is responsible for all utilities, 100% of taxes and insurance. The tenant has been in place since 2001. New York Community Bank recently completed a full gut renovation of the entire building in Spring 2015. This a true NNN lease. The current Annual Rent is $159,720 (or $13,310/month). 30-75 Steinway Street is an excellent opportunity for an investor to own a prime, management-free, property on one of Astoria's most desirable streets. STATUS
PPSF
LEASE TERM
MONTHLY INCOME
ANNUAL INCOME
Current Term
$34.72
9.1.16 - 8.31.21
$13,310.00
$159,720.00
1st Option
$39.93
9.1.21 - 8.31.26
$15,306.50
$183,678.00
2nd Option
$45.92
11.1.27 - 10.31.32
$17,602.48
$211,229.76
Landlord Expenses: Total Expenses
$0.00
Current Net Operating Income
$159,720
Available at: $4,900,000 3.25% Current Cap Rate | $1,065/SF
Goldenwood Property Property Advisors Goldenwood Advisors MANHATTAN: 54 W. 40th Street, New York NY 10018 | QUEENS: 36th Street, 349 Fifth Avenue, 7th Floor, New York35-37 New York 10016 Long Island City, NY 11106 www.Goldenwood.NYC 212-658-0985 | [email protected] | www.Goldenwood.nyc The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
FOR SALE: NNN BANK + OFFICE BUILDING | TENANT: ATLANTIC BANK (NYCB)
30-75 STEINWAY STREET, ASTORIA NY 11103 Location Block / Lot Lot Size Lot SF Building Size 1st Floor Dimensions 2nd Floor Dimensions 3rd Floor Dimensions # of Stories Building SF Zone Available Air Rights Assessment (17/18) RE Taxes (17/18)
Between 30th Ave & 31st Ave 680/15 23’ x 90’ (appx) 2,070 sq. ft (appx) 23’ x90’ (appx) 23’ x 90’ 23’ x 55’ 23’ x 55’ 3 + Cellar 4,600 sq. ft. (appx) C4-2A 1,610 sq. ft. $570,960 $60,373 (100% Paid by Tenant)
Goldenwood Property Advisors has been retained on an exclusive basis to arrange for the sale of 30-75 Steinway Street in Astoria. The subject property is a 4,600SF, 3-Story Bank + Office Building, containing a total of approximately 4,600 above grade SF. 30-75 Steinway Street is located on the east side of Steinway Street between 30th Avenue and 31st Avenue. This property offers 23 feet of frontage on Steinway Street. 30-75 Steinway Street is 100% occupied by Atlantic Bank, a Division of New York Commercial Bank, a publicly traded company on the New York Stock Exchange under the symbol “NYCB”, until August 31, 2021 with two (2) five-year options; bringing the lease out to October 31, 2032. The tenant is responsible for all utilities, 100% of taxes and insurance. The tenant has been in place since 2001. New York Community Bank recently completed a full gut renovation of the entire building in Spring 2015. This a true NNN lease. The current Annual Rent is $159,720 (or $13,310/month). 30-75 Steinway Street is an excellent opportunity for an investor to own a prime, management-free, property on one of Astoria's most desirable streets. STATUS
PPSF
LEASE TERM
MONTHLY INCOME
ANNUAL INCOME
Current Term
$34.72
9.1.16 - 8.31.21
$13,310.00
$159,720.00
1st Option
$39.93
9.1.21 - 8.31.26
$15,306.50
$183,678.00
2nd Option
$45.92
11.1.27 - 10.31.32
$17,602.48
$211,229.76
Landlord Expenses: Total Expenses
$0.00
Current Net Operating Income
$159,720
Available at: $4,900,000 3.25% Current Cap Rate | $1,065/SF
Goldenwood Property Property Advisors Goldenwood Advisors MANHATTAN: 54 W. 40th Street, New York NY 10018 | QUEENS: 36th Street, 349 Fifth Avenue, 7th Floor, New York35-37 New York 10016 Long Island City, NY 11106 www.Goldenwood.NYC 212-658-0985 | [email protected] | www.Goldenwood.nyc The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage The information been given by the owner ifofany. the property or of obtained from sources that we deem We have noassumptions reason to doubt its above, accuracy guarantee it. All zoning, footages and uses mustyour be independently verified. herein arePROSPECTIVE an arbitrary percentage used only as an contained example. herein It doeshas not either necessarily relate to to us actual vacancy, The value this investment is dependent upon reliable. these estimates and made as but wellwe asdo thenot investment income, the tax buildable bracket, and other factors which tax advisor and/or legalVacancy counsel factors should used evaluate. THE BUYER used only CAREFULLY as an example. It doesEACH not necessarily relate to actual vacancy, if any. The value ofHEREIN. this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD VERIFY ITEM OF INCOME, AND ALL OTHER INFORMATION SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
