Gurwinder Singh
MLS#1010639
STATUSActive
PROPERTY TYPECommercial -
SCHOOLQueens 30
Property Description
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
Property Features
Property Type: Commercial -
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $70,455
Year Built: 2006
Feature Descriptions
Building Area Total: 7256
Exterior: Brick
On Market Date: 2026-06-08
Parcel Number: 00549-0036
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 8
Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Long Island City High School
Middle School: Academy For New Americans
Elementary School: Ps 234
School District: Queens 30
Listed By / Shown By
Listing By
Agency Name: Astoria Realty Brokerage Svcs
Agency Phone: 718-274-3000
Shown By
Agent Name: Gurwinder Singh
Agent Phone: Cell: (631) 906-0000
Agency Title: Coldwell Banker American Homes
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3018 23rd Street | MLS# 1010639
This commercial property located at 3018 23rd Street , Astoria, NY 11102 is currently listed for sale with an asking price of $2,800,000. 23rd Street is located within the Queens 30 school district. Search Astoria real estate on gurwindersingh.cbamhomes.com today.