Mixed-Use Income Property with
75-01 88th Street Glendale, NY 11385
75-01 88th Street, Glendale, NY, 11385
$1,899,000
For Sale
$1,899,000
Mixed-use building with a leased operating restaurant, separate office building, garages, and three residential units.
Property Size1,050 SF
Price / SF$1,808
Days on Market78
Property Features for 75-01 88th Street
General Information
- Standard status
- Active
- Size
- 1,050 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
Crifasi Real Estate Inc
(718) 930-0040
Listed by
Joseph V. Crifasi
(718) 930-0040
Source
Cohenandcohenrealty
Added: May 5 Updated: Jul 21 at 3:40AM Checked: Jul 21 at 3:40AM
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 Crifasi Real Estate Inc
Investment Insights
Based on property information with market context.
This for-sale mixed-use property offers a diversified income setup with both commercial and residential components. The commercial portion includes an approximately 400 SF fully operational restaurant currently used as a ghost kitchen, along with an approximately 650 SF separate office building delivered vacant and suitable for owner use or lease-up. Additional revenue is generated from three garages, each rented at $300/month, and a rear oversized two-vehicle garage space accessed via an additional driveway, leased at $1,500/month through January 2027.
The residential component consists of three units: a 1R unit currently rented at $2,200/month with no lease, a 2R three-bedroom duplex that is currently vacant and ready for occupancy, and a 2F two-bedroom unit currently rented at $1,500/month with no lease. Tenants are responsible for their own cooking gas and electric. The property is equipped with gas heating and full basements.
From an operational standpoint, the building is structured to support multiple income streams across commercial and residential uses, with specified annual expenses including taxes ($35,607), insurance ($8,934), fuel ($10,000), and water ($5,000).
The residential component consists of three units: a 1R unit currently rented at $2,200/month with no lease, a 2R three-bedroom duplex that is currently vacant and ready for occupancy, and a 2F two-bedroom unit currently rented at $1,500/month with no lease. Tenants are responsible for their own cooking gas and electric. The property is equipped with gas heating and full basements.
From an operational standpoint, the building is structured to support multiple income streams across commercial and residential uses, with specified annual expenses including taxes ($35,607), insurance ($8,934), fuel ($10,000), and water ($5,000).
Key Highlights
- Mixed‑use building built in 1931 with commercial and residential units plus income from garages and parking/driveway leases.
- Approx. 400 SF fully operational restaurant currently used as a ghost kitchen, leased for $4,180/month.
- Approx. 650 SF separate office building delivered vacant, with projected/asking rent of $2,800/month.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a leased operating restaurant, separate office building, garages, and three residential units.
Where is this mixed-use property located?
The property is located at 75-01 88th Street Glendale, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Mixed‑use building built in 1931 with commercial and residential units plus income from garages and parking/driveway leases.; Approx. 400 SF fully operational restaurant currently used as a ghost kitchen, leased for $4,180/month.; Approx. 650 SF separate office building delivered vacant, with projected/asking rent of $2,800/month.
