BEDS4
BATHS3 full
MLS#967198
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 30
Property Description
Investor Opportunity - Legal Two-Family | 1031 Exchange Eligible | Prime AstoriaRare opportunity to acquire a legal two-family property in one of Queens' strongest and most in-demand rental markets, just two subway stops from Manhattan. Walking distance to Steinway and Ditmars dining, shopping, nightlife, and major transit.The property features two fully updated two-bedroom apartments, each offering modern, high-end finishes, sun-filled living areas, gourmet kitchens with quartz countertops and premium appliances, and generously sized bedrooms with ample closet space.First-floor unit with front and rear patiosSecond-floor unit with front balcony and private rear terraceA finished basement with a half bathroom adds valuable supplemental living space and flexibility.Both units are currently utilized for long-term Airbnb stays, providing strong income in a high-demand location. Showings will be scheduled only after an offer is accepted to accommodate ongoing occupancy.Property may be purchased as part of a 1031 exchange.Sold AS-IS.Certificate of Occupancy has been applied for and will be provided at closing.Property condition: GoodIdeal for investors seeking a turnkey, income-producing multifamily asset with long-term appreciation potential in a prime Astoria location. A rare opportunity in a hot market.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Wall/Window Unit(s)
Fenced: Yes
Heating: Baseboard, Electric
Lot Size: 0.35 Acres
Taxes: $6,872
Year Built: 1880
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Entrance Foyer
High Speed Internet
Kitchen Island
Open Floorplan
Open Kitchen
Quartz/Quartzite Counters
Recessed Lighting
Walk-In Closet(s)
Washer/Dryer Hookup
Balcony
Mailbox
Feature Descriptions
Association Amenities: Park
Building Area Total: 1530
Exterior: Frame, Vinyl Siding
Fencing: Back Yard, Fenced, Front Yard, Vinyl
Flooring: Hardwood
Heating Units: 1
Heating Zones: 2
Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
Lot Dimensions: 22x50
Lot Features: Near Public Transit, Near Shops
On Market Date: 2026-03-04
Parcel Number: 00795-0061
Parking Features: None
Parking Total: 0
Patio And Porch: Covered, Patio, Porch, Terrace
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 1
Sewer: Public Sewer
Units: 2
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Window Features: Double Pane Windows
Local Schools
High School: Academy Of American Studies
Middle School: Is 141 Steinway (The)
Elementary School: Ps 84 Steinway
School District: Queens 30
Estimate Your Payment
Estimated Payment
$ 6,985.17 per month $6,062.80 Principal & Interest $572.67 Property Tax $349.71 Homeowner's InsuranceChange Payment Information
Local Information
Listed By / Shown By
Listing By
Agency Name: Shabbir Realty Inc
Agency Contact: 516-350-6800
Shown By
Agent Name: Richie Krug Jr.
Agent Phone: (516) 673-8775
Agency Title: Coldwell Banker American Homes
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40-09 23rd Avenue | MLS# 967198
This multi-family property located at 40-09 23rd Avenue, Astoria, NY 11105 is currently listed for sale with an asking price of $1,199,000. 40-09 23rd Avenue is located within the Queens 30 school district. Search Astoria real estate on www.richiekrugjr.com today.