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$3,500,000
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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.
Full Property Details
Full Property Details for 97-01 23rd Ave
General
- Price: $3,500,000
- Taxes: $33,320
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 976449
- Updated: 3/28/2026
- Added to Site: 11 day(s) ago
Parking
- Parking Features: None
Location
- County: Queens
Heating & Cooling
- Cooling Type: Varies by Unit
- Heating Type: Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Water Available
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Building Size: 8000
- Square Feet: 8,000
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.1377
- Lot Size (Sq. Ft.): 6,000
- Zoning: R3-1
Financial Considerations
- Tax Amount: $33,320.12
Disclosures and Reports
- Special Conditions: None
- Property ID: 01074-0043
Listed by SkyLimit Realty Group
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Schools
Schools serving 97-01 23rd Ave
School District:New York City Geographic School District 30
| Name | Grades | Distance |
|---|---|---|
Ps 127 Aerospace Science Magnet 98-01 25th Ave, Queens, NY 11369 | PK-8 | 0.3 mi |
Is 145 Joseph Pulitzer 33-34 80th St, Queens, NY 11372 | 6-8 | 1.3 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 97-01 23rd Ave
Date
Details
Price
Change
Source
3/25/2026
Listed
$3,500,000
—
MLS
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
Tax History for 97-01 23rd Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$33,648
3%
$269,188
-46%
2024
$32,602
8%
$498,960
107%
2023
$30,194
10%
$241,515
-41%
2022
$27,433
8%
$411,300
-13%
2021
$25,401
-2%
$471,600
—
2020
$25,828
3%
$471,600
-20%
2019
$25,020
14%
$589,680
217%
2017
$21,880
—
$185,781
8%
2017
$21,880
7%
$172,025
8%
2016
$20,535
—
$159,283
—
2015
$20,520
7%
$159,283
3%
2014
$19,112
8%
$154,306
8%
2013
$17,775
—
$142,909
—
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
Estimate the Cost for 97-01 23rd Ave
9701 23rd Avenue, East Elmhurst, NY 11369 (MLS# 976449) is a Commercial property. 9701 23rd Avenue is currently listed for $3,500,000 and was received on March 25, 2026. Want to learn more about 9701 23rd Avenue? 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.

