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    23-12 Broadway Astoria, NY 11106

    Sponsored
    For Sale
    Pending
    $1,736,000

    Multi Family - Astoria, NY

    Type:Single Family Attached
    Property size:
    4,080 SF
    Days on Market:
    182
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 23-12 Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Zoning
    R6A/C1-4
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,080 SF

    Utilities

    Heating system
    Steam
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1928
    Number of units
    6
    Building materials
    Brick
    Architectural style
    Other

    A&A Associates (917) 968-5052 [email protected]

    Listing agent Chao Ling Yeh CBR (917) 968-5052 License #37YE0942261

    Listing date Jul 8, 2025

    MLS# 833671 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Astoria Multifamily Building For Sale

    This solid brick six-family building is located in a prime location within a seven-minute walk to the N-W Broadway train station. The building features six renovated one-bedroom apartments. The property includes a large basement and a gas/steam boiler heating system. The lot size is 20 feet by 80 feet, while the building size is 20 feet by 68 feet. The zoning is C1-4, R6A. Current gross income is $124,894.44, with total expenses of approximately $37,565.52 per year, resulting in a net income of $87,328.92 per year. The property is located footsteps from a laundromat, Broadway shops, supermarkets, fresh produce, restaurants, trendy cafes, and nightlife. Current rents are: Apt 1F: $ 1,932.00, Apt 1R : $ 1,700.00, Apt 2F : $ 1,772.34, Apt 2R : $ 1,549.53, Apt 3F : $ 1,727.00, Apt 3R : $1,727.00. Legal rents are: Apt 1F: $1,932.00, Apt 1R : $2,507.40, Apt 2F : $2,614.38, Apt 2R : $1,893.23, Apt 3F : $2,064.98, Apt 3R : $2,640.74.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Queens
    State
    New York
    Longitude
    -73.93325
    Latitude
    40.76636

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    FAQs

    What type of property is this?
    Apartment building - Six-family brick building near N-W train with income potential.
    Where is this apartment building located?
    The property is located at 23-12 Broadway Astoria, NY.
    What is the asking price?
    The asking price for this property is $1,736,000.
    What are key features of this property?
    This property features: - Owner financing available with a fixed-rate mortgage and $800,000 down payment.; - **Solid brick six-family building in a prime location.**; - **High net operating income of $87,328.92 per year.**
    (917) 968-5052
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23-12 Broadway Astoria, NY 11106
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