131-07 Liberty Avenue, Richmond Hill, NY 11419
- $1,050,000
- List Price
- $1,050,000
- MLS#
- 1050040
- Status
- ACTIVE
Property 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 $7,315/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!
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Additional Information
- Year Built
- 1925
- School District
- Queens 28
- Taxes Total
- 7321
- Heating
- Natural Gas
- Parking
- On Street
- Basement
- Full
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $7,321
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Listing courtesy of Listing Agent: Ping Sang Cheng (mikechengny@gmail.com) from Listing Office: Winzone Realty Inc.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.