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9701 23rd Avenue, East Elmhurst, photo 1
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9701 23rd Avenue

$3,500,000

Est. $20,217/mo

East Elmhurst, NY 11369 · Queens

Status
Active
On site
177 days

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About this home

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.

Listed with SkyLimit Realty Group · Carmen B. Lopez CBR SFR SRS · Source: OneKey MLS

One Key MLS

Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Sep 18, 2026, 1:09 PM ET. ©2026 One Key MLS.

Estimate Your Monthly Payment

Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.

$20,216.75Total / mo

Estimated Monthly Payment

Principal & interest
$17,240.08 (85.3%)
Taxes
$2,776.67 (13.7%)
Insurance
$200.00 (1.0%)

Representative rates

Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.

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Market Insights

The market around East Elmhurst, NY

Current Listings

New in the last 30 days

31

Sep 2026

Average Price

Active listings

$1,080,929

Sep 2026

Average Days on Market

Active listings

149 days

Sep 2026

Computed from 159 active OneKey MLS listings in East Elmhurst, NY.

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