75-01 88th Street, Glendale, NY, 11385
1931
Exceptional income-producing mixed-use property located in the highly desirable Glendale section of Queens. This versatile asset features a strong mix of commercial and residential units, offering both immediate cash flow and value-add potential. The commercial component includes an approx. 400 s/f fully operational restaurant currently utilized as a ghost kitchen leased at $4,180/month, Approx. 650 s/f separate office building delivered vacant and ideal for owner-use or lease-up project rent is $2,800/month, 3 garages each rented at $300/month, An additional driveway with rear oversized 2 vehicle garage space leased for $1,500/month lease expires January 2027. The residential portion consists of three units: 1R-Eat-in kitchen, living room/dining area, three bedrooms, and one full bathroom. Currently rented for $2,200/month with no lease. 2R-Spacious 3-bedroom duplex currently vacant and ready for occupancy Projected monthly rent is $3,200/month 2F-Eik, Lr, 2 bedrooms and 1 full bathroom. Currently rented for $1,500/month with no lease. Tenants are responsible for their own cooking gas and electric, helping to minimize owner expenses. The property is equipped with gas heating and full basements. Annual Expenses: Taxes: 35,607 Insurance: $8,934 Fuel: $10,000 Water: $5,000 This property presents a rare opportunity for investors or end-users seeking a stable, diversified income stream with upside potential. Conveniently located near major transportation, shopping, and local amenities. Don’t miss the chance to own a prime mixed-use building in a thriving Queens neighborhood.
Status:
Active
Type:
Commercial
Units:
7
Heating:
Natural Gas
Cooling:
None
Basement:
Full
Parking:
11-car, Assigned, Driveway, Garage, Off Street
Acreage:
0.16
Est. Taxes:
$35,607
Assessment
$318,150
Construction
Brick
Utilities
Electricity Connected
Elementary School:
Ps/Is 113 Anthony J Pranzo
Middle School:
PS/IS 119 Glendale
High School:
Maspeth High School
School District:
Queens24
Days on Market:
1
MLS #:
994613
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Crifasi Real Estate Inc 718-821-5999