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$1,799,000
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Property Description
Exceptional income-producing mixed-use property located in the highly desirable Glendale section of Queens. This versatile asset features a strong mix of commercial and residential units, offering both immediate cash flow and value-add potential. The commercial component includes an approx. 400 s/f fully operational restaurant currently utilized as a ghost kitchen leased at $4,180/month, Approx. 650 s/f separate office building delivered vacant and ideal for owner-use or lease-up project rent is $2,800/month, 3 garages each rented at $300/month, An additional driveway with rear oversized 2 vehicle garage space leased for $1,500/month lease expires January 2027. The residential portion consists of three units: ALL UNITS WILL BE DELIVERED VOT 1R-Eat-in kitchen, living room/dining area, three bedrooms, and one full bathroom. 2R-Spacious 3-bedroom duplex 2F-Eik, Lr, 2 bedrooms and 1 full bathroom. Tenants are responsible for their own cooking gas and electric, helping to minimize owner expenses. The property is equipped with gas heating and full basements. Annual Expenses: Taxes: 35,607 Insurance: $8,934 Fuel: $10,000 Water: $5,000 This property presents a rare opportunity for investors or end-users seeking a stable, diversified income stream with upside potential. Conveniently located near major transportation, shopping, and local amenities. Don't miss the chance to own a prime mixed-use building in a thriving Queens neighborhood.
Full Property Details
Full Property Details for 75-01 88th St
General
- Price: $1,799,000
- Taxes: $35,607
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 994613
- Updated: 10/1/2026
- Added to Site: 165 day(s) ago
Business
- Business Type: Restaurant
Parking
- Total Spaces: 11
- Parking Features: Assigned, Driveway, Garage, Off Street
- Assigned Parking: Yes
Location
- County: Queens
- Cross Streets: 75th Avenue
School Information
- High School District: Queens24
- Elementary School: Ps/Is 113 Anthony J Pranzo
- Middle School: PS/IS 119 Glendale
- High School: Maspeth High School
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 3444
- Square Feet: 3,444
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.1621
- Lot Size (Sq. Ft.): 7,059
- Zoning: R4B
Financial Considerations
- Tax Amount: $35,607
Disclosures and Reports
- Special Conditions: None
- Property ID: 03856-0159
- Block: 3856
- Lot Number: 159
Listed by Crifasi Real Estate Inc
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Schools
Schools serving 75-01 88th St
School District:New York City Geographic School District 24
| Name | Grades | Distance |
|---|---|---|
Ps 113 Isaac Chauncey 78-23 87th St, Queens, NY 11385 | K-8 | 0.2 mi |
Queens Metropolitan High School 91-30 Metropolitan Ave, Queens, NY 11375 | 9-12 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 75-01 88th St
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$1,799,000
-5.27%
MLS
5/05/2026
Listed
$1,899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 75-01 88th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$35,782
—
$309,154
8%
2025
$35,782
8%
$286,254
8%
2024
$33,137
-2%
$265,050
-2%
2023
$33,941
5%
$271,488
-17%
2022
$32,274
8%
$325,350
7%
2021
$29,890
7%
$303,300
-9%
2020
$28,054
8%
$332,550
11%
2019
$25,976
1%
$300,780
44%
2017
$25,668
—
$208,260
3%
2017
$25,668
7%
$201,805
8%
2016
$24,090
8%
$186,857
8%
2015
$22,290
5%
$173,016
8%
2014
$21,193
-2%
$160,200
-1%
2013
$21,657
—
$161,226
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 75-01 88th St
75-01 88th Street, Glendale, NY 11385 (MLS# 994613) is a Commercial property. 75-01 88th Street is currently listed for $1,799,000 and was received on May 05, 2026. Want to learn more about 75-01 88th Street? Do you have questions about finding other Commercial real estate for sale in Glendale? You can browse all Glendale real estate or contact a Coldwell Banker agent to request more information.

