75-01 88th ST, Glendale, NY 11385
75-01 88th ST, Glendale, NY 11385
75-01 88th ST, Glendale, NY 11385
75-01 88th ST, Glendale, NY 11385
75-01 88th ST, Glendale, NY 11385
75-01 88th ST, Glendale, NY 11385
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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603
$ 1,899,000
Est. payment | /mo

7,061 Sqft Lot

Save
$ 1,899,000
Est. payment | /mo
Save

7,061 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 994613

Rental Info No

Year Built 1931

Annual Tax Amount $35,607

Lot Size 7,061 Sqft

Acres 0.1621

Property Sub-Type Mixed Use

Source onekey2

Property Description

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.

Location

State NY

County Queens

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Parking Features Assigned, Driveway, Garage, Off Street

Utilities Available Electricity Connected

Total Parking Spaces 11

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

Elementary Schools Ps/Is 113 Anthony J Pranzo

Middle Schools Ps/Is 119 Glendale

High Schools Queens24

School District Queens24

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Crifasi Real Estate Inc • Joseph V. Crifasi

NEARBY SCHOOL & BUSINESS

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Celinda Iaboni

Celinda Iaboni

+1(631) 786-9603

Broker | License ID: 10491210466

Broker License ID: 10491210466

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75-01 88th ST

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