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    Mixed-Use Building with Rear Parking
    Updated: May 28
    Mixed-Use Building with Rear Parking

    198-03 Hollis Ave, Queens, NY 11412

    $1,090,000
    3,000 sqft 0.04 AC lot
    Mixed‑use income property with 2 residential units and 1 ground‑floor commercial storefront, plus finished basement used by the tenant
    $7,255 monthly income ($87,060 annually): 3‑bedroom unit $2,555/month, studio $2,200/month, retail store $2,500/month
    Rear parking for up to 4 cars, supporting both residential tenants and commercial use
    Lot size 21 ft x 131.17 ft with building footprint 18 ft x 55 ft
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    This listing looks promising.

    Here's a quick look at some key insights for

    198-03 Hollis Ave, Queens, NY 11412

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $73K
      Annual

    • Mortgage

      $356K
      Jun 2005

    • Last Sold

      Nov 2014
      $350K

    • Property Type

      Commercial Office/Residential (Mixed Use)
      Built 1940
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    Spacious Two-Family Home in Queens
    Updated: May 31
    Spacious Two-Family Home in Queens

    10-37 BAY 31ST Street, Queens, NY 11691

    $999,000
    2,880 sqft 0.07 AC lot
    1965 semi‑detached two‑family home with two separate units: a 4‑bed/1.5‑bath and a 3‑bed/1.5‑bath
    Both units include eat‑in kitchens and separate dining rooms, plus primary bedroom en‑suite half bath in the 4‑bedroom unit
    Oversized finished basement with high ceilings, interior access, and a separate entrance for recreation, office, gym, media room, or extra living space
    Huge backyard and private parking, plus a detached 2‑car garage
    Building size 22' x 65' with lot size 30' x 106'
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    Spacious Multifamily Home with Pool
    Spacious Multifamily Home with Pool

    125-11 7th Avenue, Queens, NY 11356

    $1,449,999
    2,631 sqft 0.16 AC lot

    Multifamily home in Queens with pool and ample parking.

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    Brick Five-Unit Apartment Building
    Brick Five-Unit Apartment Building

    137-16 88th Street, Queens, NY 11417

    $999,000
    3,705 sqft 0.08 AC lot

    Five 1-bedroom apartments with two currently vacant, plus private driveway, garage, common laundry, and separate utilities.

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    Detached Brick Two-Family Residence
    Detached Brick Two-Family Residence

    1124 128th Street, Queens, NY 11356

    $2,480,000
    4,097 sqft 0.11 AC lot

    Fully detached two-family brick home with side-by-side living, double-height space, balconies, and a private driveway.

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    Attached Six-Unit Multi-Family Building
    Attached Six-Unit Multi-Family Building

    31-51 35th Street, Astoria, NY 11106

    $1,550,000
    5,025 sqft 0.06 AC lot

    Six attached residences with 2-bedroom, 1-bath layouts suited to investors seeking an established rental configuration.

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    Queens Village Multifamily Investment Property
    Queens Village Multifamily Investment Property

    99-02 212th Street, Queens, NY 11429

    $1,500,000
    1,440 sqft 0.05 AC lot

    Fully rented, renovated four-family house in Queens Village.

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    Five-Unit Residential Income Building
    Five-Unit Residential Income Building

    1426 30th Dr, Astoria, NY 11102

    $2,000,000
    5,056 sqft 0.09 AC lot

    Walk-up multifamily with four 2-bedroom units, one 3-bedroom unit, and a detached three-car garage.

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    Two-Family Brick Duplex
    Two-Family Brick Duplex

    24-48 Crescent Street, Queens, NY 11102

    $1,650,000
    2,080 sqft 0.06 AC lot

    Brick semi-attached duplex with two 5-room apartments and a two-car garage plus three off-street parking spaces.

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    Astoria Fourplex with Expansion Potential
    Astoria Fourplex with Expansion Potential

    11-51 Welling Court, Astoria, NY 11102

    $1,200,000
    2,600 sqft 0.03 AC lot

    Fourplex in Astoria, NY, with potential for significant expansion.

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    Upgraded Six-Family Residence, Queens
    Upgraded Six-Family Residence, Queens

    22-08 120th Street, Queens, NY 11356

    $1,680,000
    4,300 sqft 0.11 AC lot

    Income-producing six-family property with recent upgrades and private parking.

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    Queens Two-Family Home Value-Add Opportunity
    Queens Two-Family Home Value-Add Opportunity

    23-40 124th Street, Queens, NY 11356

    $1,250,000
    2,178 sqft 0.11 AC lot

    Two-family home on a 48' x 100' lot.

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    Renovated Triplex in Queens, NY
    Renovated Triplex in Queens, NY

    341 Beach 67th Street, Queens, NY 11692

    $900,000
    2,206 sqft 0.09 AC lot

    Newly renovated triplex with versatile living spaces in Queens.

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    Residential Income Development Site
    Residential Income Development Site

    25-14 Crescent Street, Astoria, NY 11102

    $1,758,888
    0.11 AC lot

    Two-family structure on a 25-by-200-foot lot in an R5D zone with potential for up to 10,004 buildable sq. ft.

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    Astoria Three-Family Home
    Astoria Three-Family Home

    21-63 45th Street, Astoria, NY 11105

    $2,299,999
    1,500 sqft 0.05 AC lot

    Renovated three-family home in Astoria's Ditmars-Steinway neighborhood.

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    Brick Duplex with Two Patio Areas
    Brick Duplex with Two Patio Areas

    1305 34th Avenue, Astoria, NY 11106

    $1,160,000
    0.03 AC lot

    Two-family brick duplex with independent heating thermostats, washer/dryer hook-ups, and private front and back patios.

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    Three-Level Legal Two-Family Home
    Three-Level Legal Two-Family Home

    4201 Newtown Road, Astoria, NY 11103

    $948,000
    0.05 AC lot

    Configured as a spacious single-family residence with bonus lower-level space and legal two-family flexibility.

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    Medical Office and Apartment Building
    Medical Office and Apartment Building

    4014 Greenpoint Avenue, Sunnyside, NY 11104

    $1,499,000
    0.02 AC lot

    Two-story building with a fully equipped doctor’s office and a separate 3-bedroom apartment on the second floor.

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    Renovated Brick Multifamily Residence
    Renovated Brick Multifamily Residence

    20-49 49th Street, Astoria, NY 11105

    $1,990,000
    0.07 AC lot

    Renovated 3-level brick multifamily with a duplex configuration plus a third-floor unit and finished basement space.

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    Residential Income Duplex
    Residential Income Duplex

    12-10 27th Avenue, Astoria, NY 11102

    $1,890,000
    0.06 AC lot

    For sale duplex in Astoria, Queens, offering a residential income building configuration.

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    Two-Family Brick Home with Parking
    Two-Family Brick Home with Parking

    32-63 41st Street, Astoria, NY 11103

    $1,750,000
    2,400 sqft 0.09 AC lot

    Three-story two-family brick property with private driveway parking and vacant delivery, offering separate apartment layouts.

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    Detached Two-Family Home with Finished Basement
    Detached Two-Family Home with Finished Basement

    97-22 92 st, Queens, NY 11416

    $1,049,000
    1,700 sqft

    Legal two-family home includes finished basement rental with separate entrance and private driveway/garage.

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    Two-Family Residential Income Property
    Two-Family Residential Income Property

    3113 12th Street, Astoria, NY 11106

    $1,081,500
    0.04 AC lot

    Two separate residential units with full basements, delivered vacant, offering flexible living and rental configurations.

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    Legal 7-Unit Multifamily Building
    Legal 7-Unit Multifamily Building

    31-49 33 street, Astoria, NY 11106

    $1,700,000

    Turnkey 7-apartment brick property with brand-new roof near Broadway subway lines.

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    Long Island City, NY Multifamily Properties Market Trends and Statistics

    Explore 601 multifamily properties for sale in Long Island City, NY, showcased through 601 active listings on our real estate platform. These investment opportunities span a total of 423,578 square feet of properties for sale, with an estimated market value of $214,434,746.

    Sale prices for multifamily properties in Long Island City, NY start at $850,000, averaging $2,937,462, and reaching up to $18,888,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 480
    Duplexes 188
    Triplexes 52
    Quadplexes 24

    Demographics Overview

    Population 216K
    Population Growth (5Y) +7.8%
    Median Household Income $101,067
    College Educated 75.1%

    High-Yield Neighborhoods for Investment

    Identify Long Island City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Forest Hills $335K
    Flushing $409.9K
    Bayside $578.5K
    South Ozone Park $1.5M
    East Elmhurst $1.8M

    Taxes & Financing

    Tax Rate (average for all types) 7.14%
    Property Tax per SF $14.71 per SF
    Tax Rate vs County Average 1.91 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Queens County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Queens County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Long Island City fall within the 25,000 to 50,000 square foot range.

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    Browse Multifamily properties for Sale Near Long Island City, NY

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    Most Searched ZIP Codes in Long Island City, NY

    • 11106
    • 11105
    • 11103
    • 11102
    • 11368
    • 11372
    • 11375
    • 11101
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    • 11377
    • 11104
    • 11354

    Featured Long Island City Real Estate Agencies

    Realmo connects you with licensed Long Island City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Pinnacle Realty of New York LLC
    Long Island City, NY 11101
    www.pinaclereny.com/
    DY Realty Group
    Long Island City, NY 11106
    www.dyrealty.com
    Matthew Spiegel - Licensed Independent Broker
    Long Island City, NY 11101

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