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3018 23rd Street , Astoria, NY 11102

$2,800,000

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New to the Market

BEDS0 BATHS MLS#1010639

STATUSActive PROPERTY TYPECommercial - SCHOOLQueens 30

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Property Description

8-Family Building For SaleOutstanding 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 RollUnit:Layout-Current Monthly Rent -Potential Monthly Rent1F Studio $1,676.56 PR:$2,1001R 1 Bedroom $2,799.85 PR$3,2502F 1 Bedroom $2,525.00 PR$2,7502R 1 Bedroom $2,422.32 PR$2,8003F 1 Bedroom $2,211.69 PR$2,7503R 1 Bedroom $2,422.33 PR$2,8004F 2 Bedroom Duplex Penthouse $3,661.34 PR$4,2004R 1 Bedroom $2,464.71 PR$2,850Laundry Additional Income $200 PR$300Current Monthly Income: $20,383.80Current Annual Gross Income: $244,605.60Projected Monthly Income: $23,800Projected Annual Gross Income: $285,600Annual ExpensesExpense Annual AmountWater $3,600Con Edison $800Taxes $70,803Sprinkler Maintenance $3,000Insurance $6,000Total Annual Expenses: $84,203Current NOI: Approximately $160,400Projected NOI: Approximately $201,400

3018 23rd Street | MLS# 1010639

This commercial property located at 3018 23rd Street , Astoria, NY 11102 is currently listed for sale with an asking price of $2,800,000. 23rd Street is located within the Queens 30 school district. Search Astoria real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Finished

Basement: Yes

Cooling: Wall/Window Unit(s)

Heating: Natural Gas

Lot Size: 0.06 Acres

Taxes: $70,455

Year Built: 2006

Feature Descriptions

Building Area Total: 7256

Exterior: Brick

On Market Date: 2026-06-08

Parcel Number: 00549-0036

Parking Features: None

Property Attached Y/N: 1

Rental Term: Monthly

Sewer: Public Sewer

Units: 8

Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Trash Collection Public, Water Connected

Water: Public

Local Schools

High School: Long Island City High School

Middle School: Academy For New Americans

Elementary School: Ps 234

School District: Queens 30

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3018 23rd Street , Astoria, NY 11102

Property Description

3018 23rd Street | MLS# 1010639

Property Features

Feature Descriptions

Local Schools

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3018 23rd Street , Astoria, NY 11102

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