198-03 Hollis Ave, Queens, NY 11412

$1,170,000
Active for Sale
 
Listing ID 11792948
Property Type Multi-Unit (2-4)
County Queens
Township Queens
Neighborhood St. Albans
Total Tax $5,769
FEMA Flood Map fema.gov/portal
   
Virtual Tour
Mixed-Use Income Producing Property - Strong Cash Flow with Parking Exceptional opportunity to own a well-maintained mixed-use building generating $7,255 in monthly income ($87,060 annually). This property offers a balanced combination of residential and commercial income streams, making it ideal for both investors and owner-operators. The building features two residential units and one commercial storefront, along with a finished basement currently utilized by the commercial tenant, providing additional usable space and value. The first residential unit is a spacious 3-bedroom apartment generating $2,555 per month, while the second unit is a studio apartment producing $2,200 per month. The ground-floor retail store pays $2,500 per month, and also benefits from access to the finished basement for storage or operational use. Situated on a 21 ft x 131.17 ft lot, the building footprint measures 18 ft x 55 ft, offering efficient use of space while still providing valuable rear parking for up to four cars-a highly desirable feature for both residential tenants and commercial use. With stable income already in place, this property presents a turnkey investment opportunity with strong rental revenue and mixed-use versatility. Property Highlights: Mixed-use building (Residential + Retail) Monthly Income: $7,255 Annual Income: $87,060 3 Bedroom Apartment: $2,555/month Studio Apartment: $2,200/month Retail Store: $2,500/month Finished basement used by store 4-car parking in rear Lot Size: 21 ft x 131.17 ft Building Size: 18 ft x 55 ft Perfect for investors seeking steady income or end-users looking to own a property with built-in revenue.
Property Details
  • 4 Total Bedrooms
  • 3 Full Baths
  • 3000 SF (AG)
  • 3000 SF (Total)
  • 1936 SF Lot
  • 2 Stories
  • Lower Level: Finished
Unit Information

No unit information was entered.

Interior Features
  • Oven/Range
  • Refrigerator
  • 18 Rooms
  • Living Room
  • Dining Room
  • Primary Bedroom
  • Kitchen
  • Laundry
Taxes and Fees
  • $5,769 Total Tax
Listed By
5 BORO REALTY CORP
Office: 855-305-3325
Mobile: 917-705-0005
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