9701 23rd Avenue, East Elmhurst, NY 11369

• 8,000 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 11, 2026 at 2:22AM

Listing Office:

SkyLimit Realty Group : 718-749-9501

MLS ID:

976449

Interior

• A/C: Varies by Unit
• Heating: Hot Water

Exterior

• Parking: None

Location

• Originating MLS: onekey2
• County: Queens

Lot

• Zoning: R3-101074-0043

Utilities

• Utilities: Electricity AvailableNatural Gas AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2