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$1,050,000
Est. payment /mo
New
131-07 Liberty AVE Richmond Hill, NY 11419
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1050040
Rental Info No
Year Built 1925
Annual Tax Amount $7,321
Property Sub-Type Duplex
Source onekey2
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!
Location
State NY
County Queens
Rooms
Basement Full
Interior
Interior Features High Ceilings
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 55 Maure
Middle Schools Redwood Middle School
High Schools Queens 28
School District Queens 28
Others
Senior Community No
Special Listing Condition None
Listed by Winzone Realty Inc • Ping Sang Cheng
Nearby Locations
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