Two-Family Mixed-Use
For Sale
Contact for pricing
198-03 Hollis Ave, Queens, NY 11412
Includes a storefront, finished basement, and four-car parking.
Property Size2,755 SF
Price / SF$351.72
Days on Market240
Property Features for 198-03 Hollis Ave
General Information
Standard status
Active
Size
2,755 SF
Total Parking Spaces
4
Property subtype
Mixed Use
Building Details
Year Built
1940
Listing Agency:
5 Boro Realty Corp
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Crexi
Added: Mar 2
Changed: Oct 25
Last Checked: Oct 28 at 8:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 5 Boro Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this 2,755-square-foot mixed-use property combines a two-family residential component with a storefront. The building also includes a finished basement and four-car parking, providing additional functional space for the property’s residential and commercial uses.
Located at 198-03 Hollis Ave in Saint Albans, NY 11412, the property is occupied by paying tenants. Its configuration brings together residential units and ground-floor commercial space within one asset.
Located at 198-03 Hollis Ave in Saint Albans, NY 11412, the property is occupied by paying tenants. Its configuration brings together residential units and ground-floor commercial space within one asset.
Key Highlights
- 2,755‑square‑foot mixed‑use property
- Two‑family residential component with storefront
- Finished basement included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,344
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,880
$1.3M
Cap Rate 7%
$962,057
$962.1K
Cap Rate 9%
$748,267
$748.3K
Market Conditions
NOI Build-Up for 2,755 SF
Gross rent
$127.3K $46.20/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$122.4K $44.44/SF
− OpEx
−$55.1K −$20.00/SF
NOI
$67.3K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,880
Cap Rate 7%
$962,057
Cap Rate 9%
$748,267
Alternative Uses
Best Use
Apartment 5plus
$962.1K
$841.8K – $1.12M
NOI $67,344 @ 7.0% cap · market cap 6.95%
Second Best
Retail
$702.5K
$614.7K – $819.6K
NOI $49,177 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,171 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 11412, NY
37,958
Population
12,821
Households
3
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
23,724
Density / Sq Mi
$98,418
Median Household Income
$48,243
Median Earnings
$1,630
Median Rent
$633,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a storefront, finished basement, and four-car parking.
Where is this mixed-use property located?
The property is located at 198-03 Hollis Ave Queens, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: 2,755‑square‑foot mixed‑use property; Two‑family residential component with storefront; Finished basement included
