75-01 88th Street,Glendale, NY 11385
Glendale, NY 11385
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/month2F-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: 35,607Insurance: $8,934Fuel: $10,000Water: $5,000This 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.
Details
| MLS # | 994613 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 112 |
| Listing Provided By | Crifasi Real Estate Inc | Joseph V. Crifasi |
Features
| SQ Feet | 3,444 |
|---|---|
| Basement | Y |
| Units | 7 |
| Building(s) | 4 |
| Zoning | R4B |
| Acreage | 0.16 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | Assigned, Driveway, Garage, Off Street |
|---|
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 318150 |
| Tax Annual Amount | 35607 |
| Tax Lot | 0159 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Glendale |
| Zip Code | 11385 |
| School District | Maspeth High School |
| Elementary School | Ps/Is 113 Anthony J Pranzo |
| High School | Maspeth High School |
| Listing VS Median (in 11385) | |
Price: $1,799,000 low | high Med: $1,100,000 sqft: 3,444 low | high Med: 1,864 $ / sqft: $522 low | high Med: $590 On site: 112 low | high Med: 578 | |
Market Activity 11385
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Glendale |
| Zip Code | 11385 |
| School District | Maspeth High School |
| Elementary School | Ps/Is 113 Anthony J Pranzo |
| High School | Maspeth High School |
| Listing VS Median (in 11385) | |
Price: $1,799,000 low | high Med: $1,100,000 sqft: 3,444 low | high Med: 1,864 $ / sqft: $522 low | high Med: $590 On site: 112 low | high Med: 578 | |
 | $1,450,00088-56 Aubrey AvenueGlendale, NY 11385 |