Frank Nugnes
Frank Nugnes
Call: (516) 698-2519
Text: (516) 698-2519
MLS#967198
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 30
Property Description
Investor Opportunity - High-Income Legal Two-Family | Prime Astoria- 1031 Exchange EligibleTurnkey 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.Offer AcceptedThe 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 patiosSecond-floor unit with front balcony and private rear terraceAdditional 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished
Cooling: Wall/Window Unit(s)
Fenced: Yes
Heating: Baseboard, Electric
Lot Size: 0.35 Acres
Taxes: $6,872
Year Built: 1880
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Entrance Foyer
High Speed Internet
Kitchen Island
Open Floorplan
Open Kitchen
Quartz/Quartzite Counters
Recessed Lighting
Walk-In Closet(s)
Washer/Dryer Hookup
Balcony
Mailbox
Feature Descriptions
Association Amenities: Park
Building Area Total: 1530
Days on Site: 35
Exterior: Frame, Vinyl Siding
Fencing: Back Yard, Fenced, Front Yard, Vinyl
Flooring: Hardwood
Heating Units: 1
Heating Zones: 2
Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
Lot Dimensions: 22x50
Lot Features: Near Public Transit, Near Shops
On Market Date: 2026-03-04
Parcel Number: 00795-0061
Parking Features: None
Parking Total: 0
Patio And Porch: Covered, Patio, Porch, Terrace
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 1
Sewer: Public Sewer
Units: 2
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Window Features: Double Pane Windows
Local Schools
High School: Academy Of American Studies
Middle School: Is 141 Steinway (The)
Elementary School: Ps 84 Steinway
School District: Queens 30
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Estimated Payment
$ 3,590.83 per month $2,668.45 Principal & Interest $572.67 Property Tax $349.71 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Shabbir Realty Inc
Agency Contact: 516-350-6800
Shown By
Agent Name: Frank Nugnes
Agent Phone: (516) 698-2519
Agency Title: Laffey Real Estate
40-09 23rd Avenue | MLS# 967198
This multi-family property located at 40-09 23rd Avenue, Astoria, NY 11105 is currently listed for sale with an asking price of $1,199,000. 40-09 23rd Avenue is located within the Queens 30 school district. Search Astoria real estate on franknugnes.laffey.com today.