40-09 23rd Avenue, Astoria, NY 11105

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 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.