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32309242
32309280

75-01 88th Street, New York, NY 11385

CRIFASI REAL ESTATE INC
Listed by CRIFASI REAL ESTATE INC
$1,899,000
40 days on market
Updated 11 days ago

75-01 88th Street

Details
APN 03856-0159
Property Type Mixed Use, Retail
Sub Type Restaurant, Mixed Use
Units 7
Year Built 1931
Buildings 4
Acreage 0.162
Zoning R4B
Parking Spaces spaces

Mixed Use

Marketing 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.
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CRIFASI REAL ESTATE INC
Listed by CRIFASI REAL ESTATE INC

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