40-09 23rd Avenue, Astoria, NY 11105
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
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 – Legal Two-Family | 1031 Exchange Eligible | Prime Astoria
Rare 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 patios
Second-floor unit with front balcony and private rear terrace
A 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.
Property condition: Good
Ideal 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.
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Home facts
- Year built:1880
- Listing ID #:967198
- Added:2 day(s) ago
- Updated:March 06, 2026 at 12:51 PM
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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