Ad #7945395
MLS #11792948
Mixed-Use Income Producing Property - Strong Cash Flow with
198-03 Hollis Ave, Queens, New York, 11412
$1,090,000
4Beds
3Baths
3,000Sqft
0.044Acres
About this property
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 Features
4 Beds
3 Baths
3,000 Sqft
0.044 Acres
2 Stories
$5,769 / yr property tax
Queens County
St Albans Community
Contact Information
Nina Sabag
5 BORO REALTY CORP
Location
Listing Agent: Nina Sabag
Broker: 5 BORO REALTY CORP Listing Site
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.
Broker: 5 BORO REALTY CORP Listing Site
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.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,090,000
4
Beds
3
Baths
3,000
Sqft
198-03 Hollis Ave, Queens, New York, 11412
By contacting this agent you agree to these Terms and Conditions.
MLS# 11792948
Mixed-Use Income Producing Property - Strong Cash Flow with
$1,090,000
198-03 Hollis Ave, Queens, New York, 11412
4
Beds
3
Baths
3,000
Sqft
0.044
Acres
$1,090,000
198-03 Hollis Ave, Queens, New York, 11412
4 Beds
3 Baths
3,000 Sqft
0.044 Acres
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.
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Property Details
HOME DETAILS
4 Beds
3 Baths
3,000 Sqft
0.044 Acres
2 Stories
FINANCIAL & COMMUNITY
$5,769 / yr property tax
Queens County
St Albans Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7945395
Viewed
44 times
Listing Status
Active
Added
Jun 29, 2026
Last Refresh
Jul 24, 2026 09:32:24 PM
Listing Information
Data Source
My State MLS
Source Property ID
11792948
Listing Agent: Nina Sabag
Broker: 5 BORO REALTY CORP Listing Site
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.
Broker: 5 BORO REALTY CORP Listing Site
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.
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