Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    198-03 Hollis Ave Saint Albans, NY 11412

    Sponsored
    Picture of Mixed-use properties at Hollis Ave 198-03, Saint Albans, NY
    For Sale
    $1,400,000

    Commercial Building - Saint Albans, NY

    Days on Market:
    3
    Last Refresh:
    Mar 4 at 1:06 pm

    Property Features for 198-03 Hollis Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen
    Bathrooms
    3
    Parking features
    Garage
    Basement Y/N
    1

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1940
    Year renovated
    1940
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    NINA SABAG
    NINA SABAG

    5 BORO REALTY CORP 855-305-DEAL

    Listing agent NINA SABAG (917) 705-0005

    Listing date Mar 2, 2026

    MLS# 11665131 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Building in Saint Albans

    This mixed-use property in Saint Albans, NY, presents an investment opportunity. The building features a two-family layout with an additional store, all currently occupied by paying tenants. A finished basement adds to the usable space. The property includes parking space for up to four cars. Situated in a prime location, the property benefits from strong rental potential and convenient access to shopping, transportation, and various local amenities. The lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Queens
    State
    New York
    Longitude
    -73.759562
    Latitude
    40.706613

    Nearby Similar for Sale

    • New
      $749,990
      0.10 Acres

      Two-Family Home in Saint Albans

      Expanded Cape Cod style home with detached garage and basement.
      114-88 177Th Pl, Saint Albans, NY 11434
      View Details
    • New
      $1,150,000
      913 SF

      Saint Albans Two-Family Home

      Two-family home in Saint Albans with driveway, garage, and yard.
      187-15 Tioga Dr, Saint Albans, NY 11412
      View Details
    • $895,000
      Pending

      Renovated Two-Family Home in Saint Albans

      Renovated 2-family home with modern finishes in Saint Albans.
      194-56 Murdock Ave, Saint Albans, NY 11412
      View Details
    • $1,180,000
      0.09 Acres

      Updated Two-Family Home in St. Albans

      Newly updated two-family home with income potential in St. Albans.
      118-27 201St St, Saint Albans, NY 11412
      View Details
    • $1,149,000
      Pending

      Renovated Two-Family Home in Saint Albans

      Updated two-family home with modern finishes and income potential.
      19223 116Th Rd, Saint Albans, NY 11412
      View Details
    • New
      $1,370,000
      0.09 Acres

      Saint Albans Multi-Family Property

      Multi-family property for sale in good condition, Saint Albans.
      120-36 199Th St, Saint Albans, NY 11412
      View Details
    • $969,000
      Pending

      Renovated Two-Family Home in Saint Albans

      Newly renovated two-family home with income potential in Saint Albans.
      19311 120Th Ave, Saint Albans, NY 11412
      View Details
    • New
      $1,149,000

      Saint Albans Legal Two-Family House

      Legal two-family house in Saint Albans with finished basement.
      115-16 199Th St, Saint Albans, NY 11412
      View Details
    • New
      $1,190,000
      0.08 Acres

      Saint Albans Multi-Family Home

      Well-maintained multi-family residence in a convenient Saint Albans location.
      191-15 119Th Ave, Saint Albans, NY 11412
      View Details
    • New
      $1,099,000
      0.06 Acres

      Saint Albans Multi-Family Residence

      Well-maintained multi-family home in a convenient Saint Albans location.
      191-11 119Th Ave, Saint Albans, NY 11412
      View Details
    • $1,689,000
      Pending

      Spacious Saint Albans Two-Family

      Custom-built two-family home with rental income potential.
      11620 194Th St, Saint Albans, NY 11412
      View Details
    • $999,000
      0.07 Acres

      Renovated Two-Family in Saint Albans

      Newly renovated two-family home, ideal for investors or homeowners.
      19124 Murdock Ave, Saint Albans, NY 11412
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use investment property with tenants, parking, and prime location.
    Where is this mixed-use property located?
    The property is located at 198-03 Hollis Ave Saint Albans, NY.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Mixed-use property: 2-family home with store, offering diverse income streams.; - Prime location: Convenient access to shopping, transportation, and local amenities.; - Paying tenants: Immediate rental income from existing tenants.
    (855) 305-3325
    Request Owner's contact information
    198-03 Hollis Ave Saint Albans, NY 11412
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    198-03 Hollis Ave
    Saint Albans, NY 11412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    198-03 Hollis Ave Saint Albans, NY 11412
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    NINA SABAG
    NINA SABAG
    (855) 305-3325 (917) 705-0005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!