16-Unit Prewar Apartment
2145 23rd St, Astoria, NY 11105
For Sale
$3,300,000
Four-story walk-up with full occupancy and income-producing residential apartments.
Property Size12,320 SF
Price / SF$267.86
Days on Market107
Property Features for 2145 23rd St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Road Access
Multifamily Units
Building Details
Year Built
Stories
Listing Agency:
Modern Spaces Love Your Place
Listed By:
Gregory Kyroglou
(718) 784-1110
Source:
Jaida.mappmyhome
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 12 at 9:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Modern Spaces Love Your Place
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,320-square-foot multifamily building contains 16 residential apartments across four stories. Constructed in 1928, the prewar property is configured as a walk-up and is described as well maintained. Current occupancy is reported at 100%, with all apartments producing residential income.
The building is located in Astoria’s Ditmars-Steinway neighborhood, a recognized residential area of Queens. Its corner setting is identified at the intersection of 21st Avenue and 23rd Street.
The building is located in Astoria’s Ditmars-Steinway neighborhood, a recognized residential area of Queens. Its corner setting is identified at the intersection of 21st Avenue and 23rd Street.
Key Highlights
- 16‑unit multifamily building
- 12,320 square feet across four stories
- Built in 1928 as a prewar walk‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,155
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,023,100
$6.0M
Cap Rate 7%
$4,302,214
$4.3M
Cap Rate 9%
$3,346,167
$3.3M
Market Conditions
NOI Build-Up for 12,320 SF
Gross rent
$569.2K $46.20/SF
− Vacancy
−$21.6K −$1.76/SF
EGI
$547.6K $44.44/SF
− OpEx
−$246.4K −$20.00/SF
NOI
$301.2K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,023,100
Cap Rate 7%
$4,302,214
Cap Rate 9%
$3,346,167
Alternative Uses
Best Use
Apartment 5plus
$4.30M
$3.76M – $5.02M
NOI $301,155 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.08M
$7.95M – $10.60M
NOI $635,771 @ 7.0% cap · market cap 19.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
16
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 11105, NY
38,001
Population
17,518
Households
2.2
Avg Household Size
37
Median Age
55%
College-Educated
91%
High-School Grad
1.6 sq mi
ZIP Area
23,751
Density / Sq Mi
$100,306
Median Household Income
$62,464
Median Earnings
$2,211
Median Rent
$1,089,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Apartment buildings in Astoria
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story walk-up with full occupancy and income-producing residential apartments.
Where is this apartment building located?
The property is located at 2145 23rd St Astoria, NY.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 16‑unit multifamily building; 12,320 square feet across four stories; Built in 1928 as a prewar walk‑up
