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: ALL UNITS WILL BE DELIVERED VOT
1R-Eat-in kitchen, living room/dining area, three bedrooms, and one full bathroom.
2R-Spacious 3-bedroom duplex
2F-Eik, Lr, 2 bedrooms and 1 full bathroom.
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.