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Listed price in listed location currency (USD).
$1,050,000

000

MLS® 1050040

Overview

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage No
Taxes $7,321
Days Active 0
Lot Size 
Approx. Age 1925
MLS® Number 1050040

Property Address: 131-07 Liberty Ave, South Richmond Hill, NY, 11419

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

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!
MLS® Number1050040
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1925
BasementFull
DrivewayOn Street
Garage Spaces
HeatNatural Gas
A/CWall/Window Unit(s)

Extras

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