198-03 Hollis Ave, Queens, NY 11412
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$ 969,000
Est. payment | /mo

4 Beds

3 Baths

3,000 SqFt


Save
$ 969,000
Est. payment | /mo
Save

4 Beds

3 Baths

3,000 SqFt

Open House

Wed Oct 28, 6:00pm - 7:00pm

Thu Oct 29, 6:00pm - 7:00pm

Sun Nov 01, 6:00pm - 7:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $323

MLS Listing ID 11792948

Bedrooms 4

Full Baths 3

Annual Tax Amount $5,769

Lot Size 1,936 Sqft

Property Description

Mixed-Use Income Producing Property - Strong Cash Flow with Parking Exceptional opportunity to own a well-maintained mixed-use building generating $9,200 in monthly income ($110,400 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 $3,500 per month, while the second unit is a studio apartment producing $2,500 per month. The ground-floor retail store pays $3,200 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: $9,200 Annual Income: $110,400 3 Bedroom Apartment: $3,500/month Studio Apartment: $2,500/month Retail Store: $3,200/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.

Location

State NY

County Queens County

Rooms

Dining Room 1

Kitchen 0

Building

Story 2

Nearby Locations

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Priscilla Shields
Priscilla Shields

Agent License ID: 0578753, 238091

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198-03 Hollis Ave