7503 88th St Local commercial 320 m² À vendre Glendale, NY 11385 1 635 761 € (5 112,42 €/m²) Taux de capitalisation 8,90 %

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. Projected rent $2000/month. The residential portion consists of three units: 1R-Eat-in kitchen, living room/dining area, three bedrooms, and one full bathroom + yard. Currently rented for $2,200/month with no lease. Projected rent is $3200/month. 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. Projected rent is $2800/month. 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.