Active
9701 23rd Avenue
East Elmhurst, NY, 11369
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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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