9701 23rd Avenue East Elmhurst, NY $ 3,500,000
9701 23rd Avenue
$ 3,500,000
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9701 23rd Avenue

East Elmhurst, NY, 11369
$ 3,500,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 21,550

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Commercial Property for sale in East Elmhurst, NY

for $3,500,000. This 8,000 square foot building was built in 1931 on a lot size of 0.1377.

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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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 33,320

Style

Multi Family

Lot Size

0.1377

Year Built

1931

Town/City

East Elmhurst

County/Region

Queens

MLS | Web ID

976449

Features
General
Sewer Public Sewer
Heating Hot Water
Cooling Varies by Unit
Utilities Electricity Available Natural Gas Available Water Available
Zoning R3-1
Construction Materials Brick
Year Built 1931
Property Subtype Multi Family
Tax Year 2025
Parcel Number 01074-0043
County Queens
Property Type Commercial Sale
City New York
Number Of Units Total 6
Property Attached Y/N Y
Tax Annual Amount 33320.12
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 581850
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Exterior
Parking Features None None
Water Source Public
Building Area Total 8000
Waterfront Y/N N
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Interior
Basement (Y/N) N
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Internal Only
Street Number 1 9701
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* Excluded Features
List By
Carmen B. Lopez CBR SFR SRS

Listing Agent

Skylimit Realty Group

Broker

718-749-9501

Contact

Affordability Calculator

$24,327
Per Month
89%
11%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$2,777
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/25/2026$3,500,000 Listed Price

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9701 23rd Avenue, East Elmhurst, NY, 11369 is a Commercial Property for sale at $3,500,000 with 8,000 sqft and a lot size of 0.1377. 9701 23rd Avenue was built in 1931. The property's zip code is 11369 which is in East Elmhurst, NY