131-07 Liberty Avenue,Richmond Hill, NY 11419
Richmond Hill, NY 11419
Description
Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16' x 72'. footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,321/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!
Details
| MLS # | 1049990 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 63 |
| Listing Provided By | Winzone Realty Inc | Ping Sang Cheng |
Features
| SQ Feet | 2,304 |
|---|---|
| Basement | Y |
| Units | 2 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2027 |
|---|---|
| Tax Annual Amount | 7321 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Richmond Hill |
| Zip Code | 11419 |
| School District | Hillcrest High School |
| Elementary School | Ps 55 Maure |
| High School | Hillcrest High School |
| Listing VS Median (in 11419) | |
Price: $1,050,000 low | high Med: $917,000 sqft: 2,304 low | high Med: 1,290 $ / sqft: $456 low | high Med: $711 On site: 63 low | high Med: 268 | |
Market Activity 11419
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Richmond Hill |
| Zip Code | 11419 |
| School District | Hillcrest High School |
| Elementary School | Ps 55 Maure |
| High School | Hillcrest High School |
| Listing VS Median (in 11419) | |
Price: $1,050,000 low | high Med: $917,000 sqft: 2,304 low | high Med: 1,290 $ / sqft: $456 low | high Med: $711 On site: 63 low | high Med: 268 | |
