3018 23rd Street, Astoria, NY, 11102 | $2,800,000

8-Family Building For Sale Outstanding 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 Roll Unit: Layout-Current Monthly Rent -Potential Monthly Rent 1F Studio $1, 676. 56 PR: $2, 100 1R 1 Bedroom $2, 799. 85 PR$3, 250 2F 1 Bedroom $2, 525. 00 PR$2, 750 2R 1 Bedroom $2, 422. 32 PR$2, 800 3F 1 Bedroom $2, 211. 69 PR$2, 750 3R 1 Bedroom $2, 422. 33 PR$2, 800 4F 2 Bedroom Duplex Penthouse $3, 661. 34 PR$4, 200 4R 1 Bedroom $2, 464. 71 PR$2, 850 Laundry Additional Income $200 PR$300 Current Monthly Income: $20, 383. 80 Current Annual Gross Income: $244, 605. 60 Projected Monthly Income: $23, 800 Projected Annual Gross Income: $285, 600 Annual Expenses Expense Annual Amount Water $3, 600 Con Edison $800 Taxes $70, 803 Sprinkler Maintenance $3, 000 Insurance $6, 000 Total Annual Expenses: $84, 203 Current NOI: Approximately $160, 400 Projected NOI: Approximately $201, 400

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