40-09 23rd Avenue, Astoria, NY 11105
Local realty services provided by:ERA Insite Realty Services
Listed by: tahira s. ahmad
Office: shabbir realty inc
MLS#:967198
Source:OneKey MLS
Price summary
- Price:$1,199,000
- Price per sq. ft.:$783.66
About this home
Investor Opportunity – High-Income Legal Two-Family | Prime Astoria- 1031 Exchange Eligible
Turnkey 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 patios
Second-floor unit with front balcony and private rear terrace
Additional 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....
Contact an agent
Home facts
- Year built:1880
- Listing ID #:967198
- Added:253 day(s) ago
- Updated:November 12, 2026 at 10:01 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Hardwood
- Dining Description:Eat-In Kitchen
- Kitchen Description:Eat-in Kitchen, Kitchen Island
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Basement Description:Finished
- Living area:1,530 sq. ft.
Heating and cooling
- Heating:Baseboard, Electric
Structure and exterior
- Year built:1880
- Building area:1,530 sq. ft.
- Lot area:0.35 Acres
- Lot Features:Near Public Transit
- Construction Materials:Frame, Vinyl Siding
- Exterior Features:Balcony
Schools
- High school:Academy Of American Studies
- Middle school:Is 141 Steinway (The)
- Elementary school:Ps 84 Steinway
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,199,000
- Price per sq. ft.:$783.66
- Tax amount:$6,873 (2023)
Features and amenities
- Laundry features:Washer/Dryer Hookup
- Amenities:Entrance Foyer, High Speed Internet, Open Floorplan, Walk-In Closet(s)
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