3018 23rd Street
Astoria, NY 11102

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 View this listing at: http://www.laffey.com/lid=187292375