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1840 21st Dr 4 Unit Apartment Building $2,775,465 CAD ($693,866 CAD/Unit) Astoria, NY 11105
Investment Highlights
- Close To Astoria Park
- Attached 2 Car Garage
Executive Summary
Welcome to 18-40 21st Drive — A Prime Astoria Investment Opportunity in a Location
Rare opportunity for investors to acquire a well-maintained four-unit income-producing property in a highly desirable Astoria location. Just half a block to the East River and one block from the iconic Astoria Park. The building features a strong rent roll and is in renovated condition, offering immediate cash flow with additional upside potential to further increase rental income over time.
This solid brick and stucco property blends classic construction with modern improvements. Interior highlights include wood floors throughout and updated appliances. Significant capital improvements have already been completed, including a new roof, updated windows, a new 100-gallon hot water heater, and a Weil-McLain boiler providing efficient radiator steam heat, giving investors confidence in the building’s mechanical systems. Flexible tenant leases.
The property also offers 220-amp electrical service, an exterior electric meter, and an interior gas meter, ensuring efficient building operations. Additional income potential is supported by a two-car garage and an additional parking space, which can generate supplementary rental revenue.
With its prime location, strong existing income, renovated condition, and opportunities to further enhance rental performance, this property represents a rare chance to acquire a stable and appreciating asset in one of Astoria’s most sought-after neighborhoods.
Some photos are virtually staged.
Rare opportunity for investors to acquire a well-maintained four-unit income-producing property in a highly desirable Astoria location. Just half a block to the East River and one block from the iconic Astoria Park. The building features a strong rent roll and is in renovated condition, offering immediate cash flow with additional upside potential to further increase rental income over time.
This solid brick and stucco property blends classic construction with modern improvements. Interior highlights include wood floors throughout and updated appliances. Significant capital improvements have already been completed, including a new roof, updated windows, a new 100-gallon hot water heater, and a Weil-McLain boiler providing efficient radiator steam heat, giving investors confidence in the building’s mechanical systems. Flexible tenant leases.
The property also offers 220-amp electrical service, an exterior electric meter, and an interior gas meter, ensuring efficient building operations. Additional income potential is supported by a two-car garage and an additional parking space, which can generate supplementary rental revenue.
With its prime location, strong existing income, renovated condition, and opportunities to further enhance rental performance, this property represents a rare chance to acquire a stable and appreciating asset in one of Astoria’s most sought-after neighborhoods.
Some photos are virtually staged.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$162,374
|
$63.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$162,374
|
$63.43
|
| Taxes |
$15,785
|
$6.17
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$15,785
|
$6.17
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $162,374 |
| Annual Per SF | $63.43 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $162,374 |
| Annual Per SF | $63.43 |
| Taxes (CAD) | |
|---|---|
| Annual | $15,785 |
| Annual Per SF | $6.17 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $15,785 |
| Annual Per SF | $6.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 4 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00896-0285 | Total Assessment | $79,658 CAD |
| Land Assessment | $11,780 CAD | Annual Taxes | $15,785 CAD ($6.17 CAD/SF) |
| Improvements Assessment | $67,878 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00896-0285
Land Assessment
$11,780 CAD
Improvements Assessment
$67,878 CAD
Total Assessment
$79,658 CAD
Annual Taxes
$15,785 CAD ($6.17 CAD/SF)
Tax Year
2025
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1840 21st Dr
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