3018 23rd Street,Astoria, NY 11102
Astoria, NY 11102
Description
8-Family Building For SaleOutstanding investment opportunity in the heart of Astoria. 30-18 23rd Street is an income-producing 8-family multifamily building featuring a strong and highly rent-able unit mix: one studio apartment, six one-bedroom apartments, and one two-bedroom duplex penthouse. The property is currently generating approximately $244,605.60 in annual gross income, including laundry income, with an estimated current NOI of approximately $160,400. Based on projected market rents, the building has potential to generate approximately $285,600 in annual gross income, with a projected pro forma NOI of approximately $201,400. This well-positioned Astoria asset offers immediate cash flow with upside potential, making it an excellent opportunity for investors seeking a stable multifamily property in a desirable Queens rental market. The two-bedroom duplex penthouse provides premium rental appeal, while the six one-bedroom apartments and studio offer consistent tenant demand and a balanced income stream. Current & Potential Rent RollUnit:Layout-Current Monthly Rent -Potential Monthly Rent1F Studio $1,676.56 PR:$2,1001R 1 Bedroom $2,799.85 PR$3,2502F 1 Bedroom $2,525.00 PR$2,7502R 1 Bedroom $2,422.32 PR$2,8003F 1 Bedroom $2,211.69 PR$2,7503R 1 Bedroom $2,422.33 PR$2,8004F 2 Bedroom Duplex Penthouse $3,661.34 PR$4,2004R 1 Bedroom $2,464.71 PR$2,850Laundry Additional Income $200 PR$300 Current Monthly Income: $20,383.80Current Annual Gross Income: $244,605.60 Projected Monthly Income: $23,800Projected Annual Gross Income: $285,600 Annual ExpensesExpense Annual AmountWater $3,600Con Edison $800Taxes $70,803Sprinkler Maintenance $3,000Insurance $6,000 Total Annual Expenses: $84,203Current NOI: Approximately $160,400Projected NOI: Approximately $201,400
Details
| MLS # | 1010639 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 93 |
| Listing Provided By | Astoria Realty Brokerage Svcs | Marius Rungo |
Features
| SQ Feet | 7,256 |
|---|---|
| Basement | Y |
| Units | 8 |
| Zoning | R6B |
| Acreage | 0.06 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 632250 |
| Tax Annual Amount | 70455.92 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11102 |
| School District | Long Island City High School |
| Elementary School | Ps 234 |
| High School | Long Island City High School |
| Listing VS Median (in 11102) | |
Price: $2,800,000 low | high Med: $802,250 sqft: 7,256 low | high Med: 747 $ / sqft: $386 low | high Med: $1,081 On site: 93 low | high Med: 174.5 | |
Market Activity 11102
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11102 |
| School District | Long Island City High School |
| Elementary School | Ps 234 |
| High School | Long Island City High School |
| Listing VS Median (in 11102) | |
Price: $2,800,000 low | high Med: $802,250 sqft: 7,256 low | high Med: 747 $ / sqft: $386 low | high Med: $1,081 On site: 93 low | high Med: 174.5 | |
 | $4,500,0003067 14th StreetAstoria, NY 11102 |