MLS#994613
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLQueens24
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/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.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Natural Gas
Lot Size: 0.16 Acres
Taxes: $35,607
Year Built: 1931
Feature Descriptions
Building Area Total: 3444
Business Type: Restaurant
Days on Site: 11
Exterior: Brick
On Market Date: 2026-05-05
Parcel Number: 03856-0159
Parking Features: Assigned, Driveway, Garage, Off Street
Parking Total: 11
Rental Term: Monthly
Sewer: Public Sewer
Units: 7
Utilities: Electricity Connected
Water: Public
Local Schools
High School: Maspeth High School
Middle School: PS/IS 119 Glendale
Elementary School: Ps/Is 113 Anthony J Pranzo
School District: Queens24
Listed By / Shown By
Listing By
Agency Name: Crifasi Real Estate Inc
Agency Contact: 718-821-5999
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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75-01 88th Street | MLS# 994613
This commercial property located at 75-01 88th Street, Glendale, NY 11385 is currently listed for sale with an asking price of $1,899,000. 75-01 88th Street is located within the Queens24 school district. Search Glendale real estate on www.coldwellbankerchoice.com today.