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9701 23rd Avenue

East Elmhurst, NY, 11369

$3,500,000
0.1377Acres
1931Year built

AN INTRODUCTION

A closer look.

Exceptional Mixed-Use Investment Opportunity in a Prime Location! Presenting a rare package deal featuring two fully income-producing properties at 97-01 23rd Ave and 97-09 23rd Ave, being sold with paying tenants in place—offering immediate cash flow from day one. 97-01 23rd Ave is a well-maintained mixed-use building spanning approximately 6,000 square feet. The property consists of 1 commercial space and six residential units of 2 bedrooms and 1 bathroom. The residential units are thoughtfully designed to attract and retain long-term tenants, while the commercial spaces provide stable business income. Additional highlights include a 5-car garage and a private driveway, adding both convenience and value. This property generates an annual income of approximately $311,376, with a net income of $224,156 after expenses of $87,220. 97-09 23rd Ave sits on a 40 x 100 lot and features private parking. The commercial space is currently occupied by a hair salon, contributing consistent rental income with potential for future growth. Offered as a package for $3,500,000, this is a turnkey investment opportunity ideal for investors seeking strong returns, tenant stability, and long-term appreciation. Don’t miss the chance to own a high-performing asset in a desirable location.

Property overview

Property type
Multi Family
Year built
1931
Lot size (sq ft)
6,000
Status
Active
Listed
2026-03-25
MLS number
KEY976449

Interior & comfort

Heating
Hot Water
Cooling
Varies by Unit

Outdoors & amenities

Parking
None

Schools & location

Postal town
East Elmhurst
County
Queens

Taxes & utilities

Annual property taxes
$33,320
Tax year
2025
Water
Public
Sewer
Public Sewer

Listing courtesy of SkyLimit Realty Group · 718-749-9501
MLS #KEY976449 · Active

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About: 9701 23rd Avenue, East Elmhurst

Ron Lanzillotta and Michael Pesce

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