40-09 23rd Ave, Queens, NY 11105
- Beds
- 4
- Baths
- 3
- Sqft
- 1,530
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 4
- Number of bathrooms
- 3
- Square feet
- 1,530
- Lot size (acres)
- 0.35
- Year built
- 1880
Interior features
- Basement
- Yes, Finished
- Laundry
- Electric Dryer Hookup, In Basement, Washer Hookup
Utilities
- Heating
- Baseboard, Electric
- Cooling
- Wall/window unit(s)
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2023)
- $6,872.60
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Onekey MLS MLS®#: 967198 Last checked: …

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