2255 48th StreetAstoria, NY 11105Price: $1,250,000

  • Price: $1,250,000
  • Est. Mortgage of $/month
  • 48 Days on Market
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$
%
$/month over payments
Federal 30-year interest rate: 6.36% last updated on May 14, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,250,000List Price
  • 5Bedrooms
  • 3Bathrooms
  • 0.05Acreage

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22-55 48th Street is a rare, completely detached legal two family home in the heart of Astoria, offering privacy, versatility, and strong investment potential. Gut renovated in 2020, including a brand new roof, this property requires no additional work truly move in ready for an end user or rent ready for an investor seeking immediate income. The top floor apartment features two spacious bedrooms and a third smaller bedroom that is perfect for a home office, kids' room, or nursery. The unit also includes a private balcony and an open concept living room, kitchen, and dining area designed for modern living and entertaining. The largest bedroom can comfortably accommodate a king size bed. This apartment is currently rented for $2,800 per month on a month to month basis, providing flexibility for either continued rental income or future occupancy. The first floor unit offers two bedrooms along with its own open living room, kitchen, and dining layout, creating a bright and functional living space. The primary bedroom in this unit is also large enough to fit a king size bed. This unit also enjoys direct access to the large front porch, adding great outdoor space for relaxing or entertaining. Each apartment is equipped with separate hot water heaters and split units throughout for efficient heating and cooling, offering comfort and convenience for both owners and tenants. The finished basement features 8 foot ceilings and a separate exterior entrance, providing valuable additional space ideal for recreation, storage, or extended living. The property also includes driveway parking. Another major benefit is the property's relatively low taxes, approximately $7,000 annually, significantly lower than the typical Astoria two family where property taxes often range between $10,000-$11,000 per year, making ownership more affordable. Completely detached, an exceptional find in Astoria, this turnkey property is ideal for investors, end users, or those seeking the perfect setup for multi generational living, allowing extended family to live comfortably while maintaining privacy between units.

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Listed by Nicholas Halvatzis of Amorelli Realty LLC (718-578-1866)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 18, 2026 12:38 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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