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$5,180,000

  • For Sale
  • Active
  • Commercial
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Located in the heart of East Elmhurst, this newly built 2023 multi-family property with elevator offers a rare investment opportunity with a 35-year tax abatement. The building features six 2-bedroom units, one 4-bedroom unit, and one 5-bedroom unit, appealing to a broad range of tenants and household needs. With an annual rental income of $370,800, the property provides strong income potential in a convenient Queens location near LaGuardia Airport, shops, restaurants, supermarkets, schools, and public transportation. Seller financing is available for qualified buyers.

Full Property Details for 25-56 97th St

General

  • Price: $5,180,000
  • Taxes: $3,396
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 912667
  • Updated: 6/16/2026
  • Added to Site: 310 day(s) ago

Interior

  • Appliances: Electric Water Heater

Parking

  • Parking Features: On Street

Location

  • County: Queens
  • Cross Streets: Astoria Blvd
  • Driving Directions: Google Map

School Information

  • High School District: Queens 30
  • Elementary School: East Elmhurst Community School
  • Middle School: Is 227 Louis Armstrong
  • High School: William Cullen Bryant High School

Heating & Cooling

  • Cooling Type: Ductless
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

  • Architectural Style: High Rise
  • Detached/Attached: Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full Basement
  • Building Size: 8881
  • Square Feet: 8,881
  • Year Built: 2023

Lot Features

  • Lot Size (Sq. Ft.): 4,230

Financial Considerations

  • Taxes Include: Sewer
  • Tax Amount: $3,396.16

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 01370-0038
  • Block: 1370
  • Lot Number: 38

Listed by Tony & William R E Brotherhood

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Listing agents

— 25-56 97th St —

  • Tony & William R E Brotherhood

  • Tony & William R E Brotherhood

347-368-6775

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 25-56 97th St

School District:New York City Geographic School District 30
NameGradesDistance
Ps 127 Aerospace Science Magnet
98-01 25th Ave, Queens, NY 11369
PK-80.2 mi
Is 145 Joseph Pulitzer
33-34 80th St, Queens, NY 11372
6-81 mi
William Cullen Bryant High School
48-10 31st Ave, Queens, NY 11103
9-122 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 25-56 97th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Price Reduced
$5,180,000
-3.18%
MLS
9/14/2025
Listed
$5,350,000
475.27%
MLS
11/02/2016
Sold
$930,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 25-56 97th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,396
—
$766,350
2%
2025
$3,396
—
$753,750
10%
2024
$3,397
-97%
$687,600
-13%
2023
$99,046
35%
$792,242
14%
2022
$73,551
413%
$692,550
216%
2021
$14,333
270%
$219,150
—
2020
$3,879
-36%
$219,150
265%
2019
$6,096
10%
$60,120
121%
2017
$5,538
3%
$27,169
1%
2016
$5,390
8%
$26,964
6%
2015
$4,974
8%
$25,438
6%
2015
$4,598
20%
$23,999
6%
2013
$3,829
—
$22,641
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 25-56 97th St

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Listed by Tony & William R E Brotherhood

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25-56 97th Street, East Elmhurst, NY 11369 (MLS# 912667) is a Commercial property. 25-56 97th Street is currently listed for $5,180,000 and was received on September 14, 2025. Want to learn more about 25-56 97th Street? Do you have questions about finding other Commercial real estate for sale in East Elmhurst? You can browse all East Elmhurst real estate or contact a Coldwell Banker agent to request more information.

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