40-09 23rd Avenue, Astoria, NY 11105

• 4 beds |
• 3 baths |
• 1,530 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 4:20AM

Listing Office:

Shabbir Realty Inc : 516-350-6800

MLS ID:

967198

Interior

• General: First Floor BedroomFirst Floor Full BathEat-in KitchenEntrance FoyerHigh Speed InternetKitchen IslandOpen FloorplanOpen KitchenQuartz/Quartzite CountersRecessed LightingWalk-In Closet(s)Washer/Dryer Hookup
• Laundry: Electric Dryer HookupIn BasementWasher Hookup
• Basement: Finished
• Flooring: Hardwood
• A/C: Wall/Window Unit(s)
• Heating: BaseboardElectric
• Fireplace: Fireplaces: 0

Exterior

• General: BalconyMailbox
• Other Structures: TerracePorchPatioCovered
• Parking: Parking spaces: 0

Construction

• Windows: Double Pane Windows

Location

• HOA Amenities: Park
• Originating MLS: onekey2
• School District: Queens 30
• County: Queens

Lot

• Zoning: 00795-0061
• Fencing: Back YardFencedFront YardVinyl

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2