3018 23rd Street, Astoria, NY 11102
Queens County
Key Facts
Description
8-Family Building For Sale Outstanding 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 Roll Unit:Layout-Current Monthly Rent -Potential Monthly Rent 1F Studio $1,676.56 PR:$2,100 1R 1 Bedroom $2,799.85 PR$3,250 2F 1 Bedroom $2,525.00 PR$2,750 2R 1 Bedroom $2,422.32 PR$2,800 3F 1 Bedroom $2,211.69 PR$2,750 3R 1 Bedroom $2,422.33 PR$2,800 4F 2 Bedroom Duplex Penthouse $3,661.34 PR$4,200 4R 1 Bedroom $2,464.71 PR$2,850 Laundry Additional Income $200 PR$300 Current Monthly Income: $20,383.80 Current Annual Gross Income: $244,605.60 Projected Monthly Income: $23,800 Projected Annual Gross Income: $285,600 Annual Expenses Expense Annual Amount Water $3,600 Con Edison $800 Taxes $70,803 Sprinkler Maintenance $3,000 Insurance $6,000 Total Annual Expenses: $84,203 Current NOI: Approximately $160,400 Projected NOI: Approximately $201,400
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2006
Living Area
7,256 sq ft
Lot Size
0.06 acres
Days on Market
1
MLS® Listing#
1010639
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps 234
- Middle:
- Academy For New Americans
- High:
- Long Island City High School
Financial Details
Annual Taxes
$70,456
Assessed Value
$632,250
Parcel Number
00549-0036
Affordability Calculator
$560,000
Estimated monthly payment
$14,903/mo
Principal $2,240,000 · Est. interest $3,124,999 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Astoria, NY
- $1,000,000
- Median Listing Price
- 67
- Median Days on Market
- 1,074
- Median Sq Ft
- $959
- Median Price / Sq Ft
- 123
- Active Listings
- This home’s price is 180% above the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Astoria, NY.
Location
Points of Interest in Astoria, NY
Showing the Astoria area map.
Nearby Schools
P. S. 171 Peter G. van Alst
Elementary · 0.2 mi away
The 30th Avenue School
Elementary · 0.2 mi away
PS 17 Henry David Thoreau
Elementary · 0.2 mi away
Q300 Lower Division
Elementary · 0.2 mi away
Young Womens Leadership School
Secondary · 0.2 mi away
Q300 Middle School
Secondary · 0.2 mi away
Albert Shanker School for Visual & Performing Arts
Secondary · 0.2 mi away
P. S 234
Elementary · 0.3 mi away
Saint Demetrios Preparatory
Secondary · 0.3 mi away
St Demetrios Middle School
School · 0.3 mi away
Long Island City High School
Secondary · 0.4 mi away
N Y City
School · 0.4 mi away
Qsac
School · 0.4 mi away
Little Angels Montessori
Elementary · 0.6 mi away
Urban Dove Team Charter School III Queens
Secondary · 0.7 mi away
P. S. 85 Annex
Elementary · 0.7 mi away
Growing Up Green Middle School
Secondary · 0.7 mi away
Most Precious Blood School
Elementary · 0.8 mi away
Toobaa Academy
School · 0.8 mi away
P. S. 166 Henry Gradstein
Elementary · 0.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1840 21st Drive, Astoria, NY | $1,969,888 | 6 | 4 | 2,560 |
| 18-44 21st Drive, Astoria, NY | $1,975,000 | 5 | 4 | 2,720 |
| 2504 42nd Street, Astoria, NY | $1,980,000 | 5 | 4 | 3,139 |
| 34-30 28th Street, Astoria, NY | $1,985,000 | — | — | 4,800 |
| 20-49 49th Street, Astoria, NY | $1,990,000 | 6 | 5 | 2,314 |
| 30-19 33rd Street, Astoria, NY | $1,995,000 | 8 | 3 | 3,300 |
Moving Cost Estimate
EXIT Agents in Astoria
Listing Courtesy: Astoria Realty Brokerage Svcs - 7182743000
Presented by: Marius Rungo
Fair Housing Notice