25-21 23rd St Unit 24 New York City, NY 11102
Property details
About 25-21 23rd St Unit 24
Welcome to a prime investment opportunity in the heart of Astoria! This well-maintained 24-unit property is ideally situated in one of Astoria’s most vibrant and desirable neighborhoods, offering both convenience and strong appeal to residents and investors alike. With a net operating income of $403,000 and a current cap rate of 5.9%, this property represents a lucrative opportunity with solid returns and long-term growth potential. The building features: 9 spacious, recently renovated free-market one-bedroom apartments – allowing flexibility in rental pricing to maximize income based on current market demand. 14 rent-stabilized one-bedroom units and 1 rent-stabilized two-bedroom unit – providing consistent cash flow. Notably, 12 of these apartments are currently rented below market value, and under current regulations, the landlord can charge market rent upon vacancy. Additional Property Highlights: - Building Size: 38 ft x 93 ft. - Lot Size: 38.09 ft x 105 ft. - New Boiler Installed. This property offers investors a unique blend of stable income and future upside potential through rent adjustments and property appreciation in a rapidly growing neighborhood.
Highlights
Summary
- Full Bathrooms: 20
- Basement: Yes
- Interior: High Ceilings
- Total Bedroom Count: 20
- Attached Garage: No
- View: City
- Architectural Style: Walk-Up
- List Price: $6,750,000
- Price/SqFt: $382
- HOA Amount: $500 Monthly
- Year Built: 1916
- Living Area: 17,670 SqFt
- MLS Number: RLS20025199
- MLS Name: RLS
- Office Name: Compass
- Office Phone: (212) 913-9058
- Listing Agent: Oksana Kononenko
- Agent Phone: (347) 721-1522
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Last updated on: 5/21/2025, 4:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,750,000
25-21 23rd St Unit 24
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Price information
Property sales
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Tax history
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Nearby schools
4
P.S. 171 Peter G. Van Alst School
Public Magnet PK-5
0.3 mi
•1414 29th Ave
4
P.S. 17 Henry David Thoreau School
Public District PK-5
0.4 mi
•2837 29th St
7
P.S. 85 The Judge Charles J. Vallone School
Public District PK-5
0.4 mi
•2370 31st St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,599. The most common annual income of people living in New York City, NY is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Art Museums
Music Concerts
Major League Soccer (MLS)
Where do the neighbors shop?
Bloomingdales
H&M
Banana Republic
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
Audi
Volkswagen
Toyota
What do the neighbors listen to?
News
Rhythmic Contemporary Hits
Jazz
This home is located at 25-21 23rd St Unit 24 in New York City, NY and zip code 11102 in the Northwestern Queens neighborhood. This 17,670 square foot home was built in 1916. Features: 20 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since May 21, 2025 and is currently priced at $6,750,000.
In April 2025, from all listings sold in New York City, NY there were more than 210 sold above asking price, over 652 sold below and more than 792 were sold right at the asked price. The number of homes for sale in New York City, NY increased by 1.7% between March and April 2025. While the average time on the market in April 2025 was 131 days, the median list price was $870,078.