40-09 23rd Avenue, Astoria, NY 11105

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4 Beds 3 Baths 0 Partial Bath 0.35 Acres

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Property Description

Investor Opportunity - High-Income Legal Two-Family | Prime Astoria- 1031 Exchange EligibleTurnkey legal two-family property located just two subway stops from Manhattan, in one of NYC's strongest short-term rental markets.Both units are currently operating as high-performing short-term rentals, generating consistent income in a high-demand location. Income documentation available upon request for qualified buyers.The property features two fully renovated two-bedroom apartments, each designed with modern finishes, sun-filled layouts, and strong rental appeal:First-floor unit with front and rear patiosSecond-floor unit with front balcony and private rear terraceAdditional highlights include:- Gourmet kitchens with Quartz countertops & premium appliances- Spacious living areas with abundant natural light- Finished basement with half bath for added flexibility- Excellent overall condition (recently updated interiors)Located near Steinway and Ditmars dining, shopping, nightlife, and major transit options-making it highly attractive for both short-term and long-term tenants.The property is actively operated as a short-term rental with guests in residence. Showings are coordinated following accepted offers. Serious investors are encouraged to review the virtual tour and request financials prior to submitting.1031 exchange eligible.A rare opportunity to acquire a cash-flowing asset in a prime Astoria location.

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 loretta-weldner.coldwellbankerprime.com today.

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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

Days on Site: 18

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

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Estimated Payment

$ 3,590.83 per month $2,668.45 Principal & Interest $572.67 Property Tax $349.71 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Shabbir Realty Inc
Agency Contact: 516-350-6800

Shown By

Agent Name: Loretta Weldner
Agent Phone: (518) 762-3808 Cell
Agency Title: Coldwell Banker Prime Properties

40-09 23rd Avenue, Astoria, NY 11105

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Loretta Weldner Licensed Associate Real Estate Broker Office: (518) 762-3808 Cell: (518) 762-3808 Email Me

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/23/2026. The listing information on this page last changed on 03/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 03/23/2026 12:00:30 AM EST) or Global MLS (last updated Sun 03/22/2026 11:51:55 PM EST) or New York State Alliance MLS (last updated Sun 03/22/2026 11:58:34 PM EST) or Hudson Valley Catskill Region MLS (last updated Sun 03/22/2026 11:51:13 PM EST) or OneKey MLS (last updated Sun 03/22/2026 11:53:08 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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40-09 23rd Avenue, Astoria, NY 11105

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Property Description

40-09 23rd Avenue | MLS# 967198

Gallery

Property Features

Amenities

Feature Descriptions

Local Schools

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40-09 23rd Avenue, Astoria, NY 11105

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40-09 23rd Avenue, Astoria, NY 11105

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