198-03 Hollis Ave, Saint Albans, NY 11412

$1,170,000
$95K
Active for Sale
 
Listing ID 11665131
Property Type Commercial Building
County Queens
Township Queens
Neighborhood St. Albans
Total Tax $4,350
FEMA Flood Map fema.gov/portal
Year Built 1940
Virtual Tour
Mixed-Use Income Producing Property - Strong Cash Flow with Parking Exceptional opportunity to own a well-maintained mixed-use building generating $7,255 in monthly income ($87,060 annually). This property offers a balanced combination of residential and commercial income streams, making it ideal for both investors and owner-operators. The building features two residential units and one commercial storefront, along with a finished basement currently utilized by the commercial tenant, providing additional usable space and value. The first residential unit is a spacious 3-bedroom apartment generating $2,555 per month, while the second unit is a studio apartment producing $2,200 per month. The ground-floor retail store pays $2,500 per month, and also benefits from access to the finished basement for storage or operational use. Situated on a 21 ft x 131.17 ft lot, the building footprint measures 18 ft x 55 ft, offering efficient use of space while still providing valuable rear parking for up to four cars-a highly desirable feature for both residential tenants and commercial use. With stable income already in place, this property presents a turnkey investment opportunity with strong rental revenue and mixed-use versatility. Property Highlights: Mixed-use building (Residential + Retail) Monthly Income: $7,255 Annual Income: $87,060 3 Bedroom Apartment: $2,555/month Studio Apartment: $2,200/month Retail Store: $2,500/month Finished basement used by store 4-car parking in rear Lot Size: 21 ft x 131.17 ft Building Size: 18 ft x 55 ft Perfect for investors seeking steady income or end-users looking to own a property with built-in revenue.
Property Details
  • 3 Full Baths
  • 2755 SF Lot
  • Built in 1940
  • 2 Stories
  • Available 3/02/2026
  • Full Basement
  • Lower Level: Finished
Unit Information
Unit #1 – Occupied
Interior Features
  • Baseboard
  • Natural Gas Fuel
  • Natural Gas Avail
  • Wall/Window A/C
Exterior Features
  • Brick Siding
  • Tile Roof
  • Municipal Water
  • Near Bus
  • Near Train
Commercial Info
  • 4 Parking Spaces
Income/Expenses
  • Gross Income $7,255
Taxes and Fees
  • $4,350 Total Tax
Listed By
5 BORO REALTY CORP
Office: 855-305-3325
Mobile: 917-705-0005
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