Unique commercial property in Glendale, Queens - profitable investment

75-01 88th Street, Glendale, Queens - a unique income-generating commercial property located in the highly desirable Glendale. This versatile investment offers a strong mix of commercial and residential units, providing both immediate cash flow and potential for value appreciation. The commercial part includes: - approx. 400 s/f fully operational restaurant, currently used as a virtual kitchen, rented for $4,180/month - approx. 650 s/f separate office building, delivered vacant, ideal for owner use or rental project, rent is $2,800/month - 3 garages, each rented for $300/month - additional driveway at the back with garage space for 2 vehicles, rented for $1,500/month, lease expires in January 2027. The residential part consists of three units: - 1r - dining room, living/dining room, three bedrooms, and one full bathroom. Currently rented for $2,200/month without a lease. - 2r - spacious duplex with 3 bedrooms, 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 without a lease. Tenants are responsible for their own gas and electricity, which helps 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 represents a rare opportunity for investors or end-users seeking a stable, diversified income stream with growth potential. Conveniently located near major transportation, shopping, and local amenities. Don’t miss the chance to own a premier commercial building in a growing Queens neighborhood. ... agent Crifasi Real Estate, Inc.