Description
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 optionsmaking 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.
Details
| MLS # | 967198 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1880 |
| Days On Site | 176 |
| Listing Provided By | Shabbir Realty Inc | Tahira S. Ahmad |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,530 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.03 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
| Interior Features | 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 |
| Window Features | Double Pane Windows |
Exterior
| Exterior Features | Balcony, Mailbox |
|---|---|
| Construction Materials | Frame, Vinyl Siding |
| Lot Features | Near Public Transit, Near Shops |
| Fencing | Back Yard, Fenced, Front Yard, Vinyl |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Assessed Value | 1173500 |
| Tax Annual Amount | 6872.6 |
| Tax Lot | 61 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11105 |
| School District | Academy Of American Studies |
| Elementary School | Ps 84 Steinway |
| High School | Academy Of American Studies |
| Listing VS Median (in 11105) | |
Price: $1,199,000 low | high Med: $1,288,000 sqft: 1,530 low | high Med: 1,577 $ / sqft: $784 low | high Med: $817 On site: 176 low | high Med: 73 | |
Market Activity 11105
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Astoria |
| Zip Code | 11105 |
| School District | Academy Of American Studies |
| Elementary School | Ps 84 Steinway |
| High School | Academy Of American Studies |
| Listing VS Median (in 11105) | |
Price: $1,199,000 low | high Med: $1,288,000 sqft: 1,530 low | high Med: 1,577 $ / sqft: $784 low | high Med: $817 On site: 176 low | high Med: 73 | |
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