$1,199,000

40-09 23rd Avenue, Astoria, NY 11105

4 beds |
3 baths |
1,530 sqft

Duplex
Built in 1880
0.35acre lot
—— car garage
$784/sqft
Listed 10 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: March 12, 2026 at 3:20PM
Listing Office:: Shabbir Realty Inc : 516-350-6800
MLS ID:: 967198

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

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

Windows: Double Pane Windows

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

Zoning: 00795-0061
Fencing: Back YardFencedFront YardVinyl

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

Source: onekey2

This listing courtesy of Shabbir Realty Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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