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Astoria Six-Family Brick Building
For Sale
$1,736,000
Pending

23 Broadway, Astoria, NY 11106

Six renovated one-bedroom apartments near the N-W Broadway train station.

Property SizeContact for details
Lot Size0.04 Acres
Days on Market528

Property Features for 23 Broadway

General Information

Standard status Pending
Lot size 0.04 Acres

Taxes and HOA fees

Annual Taxes $17,333
Listing Agency: A & A Associates
Listed By: Chao Ling Yeh CBR
Source: Exprealty
Added: Mar 17, 2025 Changed: Aug 20 Last Checked: Aug 25 at 11:23AM

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 A & A Associates

Investment Insights

Based on property information with market context.

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 contains six renovated one-bedroom apartments. The property is situated close to a laundromat, Broadway shops, supermarkets, fresh produce, restaurants, trendy cafes, and nightlife. The building is well-maintained and includes a large basement and a gas/steam boiler heating system. The lot size is 20 feet by 80 feet, and the building size is 20 feet by 68 feet. The zoning is C1-4, R6A. The 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. Apartment 1F has a rent of $1,932.00 (legal rent $1,932.00), Apartment 1R has a rent of $1,700.00 (legal rent $2,507.40), Apartment 2F has a rent of $1,772.34 (legal rent $2,614.38), Apartment 2R has a rent of $1,549.53 (legal rent $1,893.23), Apartment 3F has a rent of $1,727.00 (legal rent $2,064.98), and Apartment 3R has a rent of $1,727.00 (legal rent $2,640.74).

Key Highlights

  • Owner financing available with a fixed‑rate mortgage and $800,000 down payment.
  • Solid brick six‑family building in a prime location with high income potential.**
  • Current net annual income of $87,328.92.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Pet Grooming Service Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,334
Businesses Nearby

Demographics for 11106, NY

41,722
Population
21,681
Households
1.9
Avg Household Size
37
Median Age
52%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
46,358
Density / Sq Mi
$85,573
Median Household Income
$62,254
Median Earnings
$2,032
Median Rent
$639,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six renovated one-bedroom apartments near the N-W Broadway train station.
Where is this apartment building located?
The property is located at 23 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 with high income potential.**; Current net annual income of $87,328.92.
More about this property
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