75-01 88th Street, Glendale, NY 11385
Queens County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1931
Living Area
3,444 sq ft
Lot Size
0.16 acres
Parking Spaces
11
Days on Market
28
MLS® Listing#
994613
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Ps/Is 113 Anthony J Pranzo
- Middle:
- PS/IS 119 Glendale
- High:
- Maspeth High School
Financial Details
Annual Taxes
$35,607
Assessed Value
$318,150
Parcel Number
03856-0159
Affordability Calculator
$379,800
Estimated monthly payment
$10,107/mo
Principal $1,519,200 · Est. interest $2,119,419 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Glendale, NY
- $983,333
- Median Listing Price
- 71
- Median Days on Market
- 1,643
- Median Sq Ft
- $598
- Median Price / Sq Ft
- 45
- Active Listings
- This home’s price is 93% above the area median.
- Its price per sq ft is 8% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Glendale, NY.
Location
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Points of Interest in Glendale, NY
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 80-29 57th Street, Glendale, NY | $1,375,000 | 9 | 3 | — |
| 6737 Central Avenue, Glendale, NY | $1,388,000 | — | — | 2,850 |
| 88-30 79th Avenue, Glendale, NY | $1,390,000 | 3 | 3 | 1,636 |
| 6717 Myrtle Avenue, Glendale, NY | $1,550,000 | — | — | 3,021 |
| 7031 67th Place, Glendale, NY | $1,599,000 | 9 | 4 | 3,000 |
| 7714 Cypress Hills Street, Glendale, NY | $1,649,000 | 5 | 3 | 3,168 |
Moving Cost Estimate
EXIT Agents in Glendale
Listing Courtesy: Crifasi Real Estate Inc - 7188215999
Presented by: Joseph V. Crifasi
Fair Housing Notice