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About the Listing ASBR01 - 192656
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
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $70,456
- Taxes w/Assessments: N/A
- Tax/Property ID: 00549-0036
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3018 23rd St Astoria, NY 11102
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