40-09 23rd Avenue

Astoria, NY 11105

Investor Opportunity – Legal Two-Family | 1031 Exchange Eligible | Prime Astoria Rare opportunity to acquire a legal two-family property in one of Queens’ strongest and most in-demand rental markets, just two subway stops from Manhattan. Walking distance to Steinway and Ditmars dining, shopping, nightlife, and major transit. The property features two fully updated two-bedroom apartments, each offering modern, high-end finishes, sun-filled living areas, gourmet kitchens with quartz countertops and premium appliances, and generously sized bedrooms with ample closet space. First-floor unit with front and rear patios Second-floor unit with front balcony and private rear terrace A finished basement with a half bathroom adds valuable supplemental living space and flexibility. Both units are currently utilized for long-term Airbnb stays, providing strong income in a high-demand location. Showings will be scheduled only after an offer is accepted to accommodate ongoing occupancy. Property may be purchased as part of a 1031 exchange. Sold AS-IS. Certificate of Occupancy has been applied for and will be provided at closing. Property condition: Good Ideal for investors seeking a turnkey, income-producing multifamily asset with long-term appreciation potential in a prime Astoria location. A rare opportunity in a hot market.

Listing courtesy of Shabbir Realty Inc tahira.longisland@gmail.com


Based on information submitted to the MLS GRID as of 2026-03-04 06:24 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.