12404 Jamaica Ave, Richmond Hill, NY

Name: 12404 Jamaica Ave, For Sale in Richmond Hill - Zoocasa
Brand: Chase Global Realty Corp
SKU: 1043752
Price: 1190000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,190,000

000

MLS® 1043752

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes $6,279

Days Active 6

Lot Size 0.0353 Acres

Approx. Age 1920

MLS® Number 1043752

Property Address: 12404 Jamaica Ave, Richmond Hill, NY, 11418-2641

Average square foot calculated using Size range provided by listing agent.

Description

Excellent mixed-use investment opportunity located the busy Jamaica Avenue in the heart of Richmond Hill. This property features a ground-floor restaurant with basement space and two residential apartments on the second floor, offering multiple income streams and approximately $83, 000 in annual gross income. The property sits on an approximately 19 x 81 lot with a building size of approximately 19 x 65 and is zoned R6A / C2-4. The ground floor and basement are currently occupied by a restaurant paying $3, 530 per month. The commercial tenant is also responsible for the entire building’s real estate taxes and water charges. The current lease is approaching expiration, providing the new owner with flexibility to negotiate a renewal or explore other leasing opportunities. The second floor consists of two residential units: * Front Unit: 2 bedrooms, living room, 1 bathroom — $1, 550/month * Rear Unit: 1 bedroom, living room, 1 bathroom — $1, 750/month Residential tenants pay their own electricity and gas. The residential units may be delivered vacant, offering additional flexibility for the new owner. Annual real estate taxes are approximately $6, 645, currently paid by the commercial tenant. Located directly on Jamaica Avenue with strong visibility and convenient access to neighborhood shopping, dining, and transportation. Opportunity for investors seeking a mixed-use property with established income, low owner expenses, and future leasing flexibility in a prime Queens commercial location.

MLS® Number1043752

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1920

BasementFull

Driveway

Garage Spaces

HeatBaseboard

A/CWall/Window Unit(s)

Extras

Map

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