Residence photography unavailable
01 / 01
For Sale

198-03 Hollis Ave

Queens, NY 11412

$969K
4 BD · 3 BA · 3,000 sf
The residence

Mixed-Use Income Producing Property - Strong Cash Flow with Parking Exceptional opportunity to own a well-maintained mixed-use building generating $9,200 in monthly income ($110,400 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 $3,500 per month, while the second unit is a studio apartment producing $2,500 per month. The ground-floor retail store pays $3,200 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: $9,200 Annual Income: $110,400 3 Bedroom Apartment: $3,500/month Studio Apartment: $2,500/month Retail Store: $3,200/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.

At a glance
Property type
Status
Active
Living area
3,000 sf
MLS#
11792948
Beds · Baths
4 · 3
Location

Queens, NY.

Queens, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$5K/mo
Approximate · principal & interest only
Display Currency
$969K

Indicative conversion — settlement always in USD.

Private Showing

Arrange a viewing.

A senior advisor will reply personally to coordinate access at a time that suits you. All inquiries are held in confidence.

Submitted in confidence to the listing advisor. By submitting, you consent to be contacted by SZ INC. Realty at the number and email provided, including by call and text; message and data rates may apply, and consent is not a condition of any purchase or lease. See our Privacy Policy.

Listing courtesy of 5 BORO REALTY CORP · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Oct 9, 2026

Fair Housing