Property 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/month2F-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: 35,607Insurance: $8,934Fuel: $10,000Water: $5,000This 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.

Property Features

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