Water Front Luxury Realty

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$3,500,000
3 Days On Site

9701 23rd Avenue
East Elmhurst, NY 11369

For Sale|Multi Family|Active
0
Beds
0
Total Baths
8,000
SqFt
$438
/SqFt
1931
Built
County:
Queens
Listing courtesy of SkyLimit Realty Group carmenlopez131@gmail.com

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Monthly Payment (Est.)

$15,968
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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.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1377 Acres
Year Built 
1931
MLS® Number 
976449
Status 
Active
Property Tax 
$33,320.12
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing first seen on site
3 days agoListing updated with changes from the MLS®
General Features
Acres 
0.1377
Parking 
No GarageNone
Property Sub Type 
Multi Family
Sewer 
Public Sewer
SqFt Total 
8000
Utilities 
Natural Gas AvailableElectricity AvailableWater Available
Water Source 
Public
Interior Features
Cooling 
Varies by Unit
Heating 
Hot Water
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Exterior Features
Construction Details 
Brick
Listing courtesy of SkyLimit Realty Group carmenlopez131@gmail.com


Based on information submitted to the MLS GRID as of 2026-03-28 03:19 PM 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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