18-01 26th Road

> This two story high, red-brick, solid property was built in 1927 and is strategically located in one of the stable middle class neighborhoods of Astoria that is being upgraded, next to Astoria Park. > It stands conveniently on the corner lot(33 ft facade on one street of the corner and 44 ft long on the other street) and is zoned as a mixed-use commercial property. > You have an opportunity and freedom to use these property as you please as the right to change how the units on the premises are used have been grandfathered. > Currently, the ground floor is occupied by a famous LoRusso cafe. > LoRusso's is one of the few cafes in the U.S. > Specializing in focaccia. > It also offers a large menu of other Italian-inspired foods, including both thin and deep-dish pizzas, calzones, pasta, parmigiana and primavera dishes, soups, salads and hero sandwiches. > It is one of probably only two cafes in the country featuring Apulian styles of focaccia instead of somewhat more familiar Ligurian styles. > The property was filmed in the movie Ransom with Mel Gibson and NBC's Smash series and enjoys a high reputation with the clientele. > The second floor has a three bedroom apartment(900 sq ft) with a big terrace and a basement(900 sq ft). > Current cap rate is estimated at 8%. > Documentation may be provided to qualified serious buyers with proof of funds.