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.
198-03 Hollis Ave
Queens, NY 11412
- Property type
- Status
- Active
- Living area
- 3,000 sf
- MLS#
- 11792948
- Beds · Baths
- 4 · 3
Queens, NY.
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Listings updated Oct 9, 2026
