220-24 Hempstead Ave, Queens Village, NY, 11429
About This Home
A turnkey opportunity for the business owner ready to stop paying someone else's mortgage. The ground-floor storefront has been fully renovated and built out as professional office space — move-in ready for a professional, medical, or service-based occupant — with two free- market apartments above generating rental income from day one. Tenants pay their own heat and hot water. The Hempstead Avenue location delivers the kind of foot traffic and transit access — LIRR, bus lines, Belt and Cross Island Parkways — that makes street-level commercial space work long term. The neighboring property at 220-22 is also available, offering the chance to control two contiguous storefronts on the same block.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Type & Style
- Home type: SingleFamily
- Property subType: Mixed Use
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Property
Details
- Special condition: Resale
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Earthquake
- Hurricane
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Queens County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,309 | $63,708 |
| Home Insurance * | $310 | $3,720 |
| Property Taxes | $656 | $7,872 |
| Electricity | $246 | $2,954 |
| Total | $6,521 | $78,252 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Price change | $1,049,999 |
| 2024-02-14 | Price change | $1,700,000 |
| 2023-09-15 | Listed for sale | $850,000 |
| 2020-06-08 | Listing removed | $695,000 |
| 2020-03-26 | Listed for sale | $695,000 |
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