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112-02 Liberty Ave. Richmond Hill South, NY 11419
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Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3426877
Sold Date 05/25/23
Originating Board onekey
Rental Info No
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Owners are motivated and anxious to sell. Will listen to all offers. Mixed-use building in South Richmond Hill section of S. Ozone Park, Queens (corner of Liberty Ave / 112th St) Retail ground Storefront faces Liberty Ave, on a high traffic corner just steps away from the A train, with plenty of foot traffic for a business to thrive. Has potential to designate a second store. 2nd Floor has 2 apartments w/ 2 bedrooms each. Commercial space has a 3yr lease remaining & ground floor tenant pays 1/2 property taxes. Both 2nd floor apts do not have leases, and rent way below market value at $1,400/mo & $1,200/mo. Tenants pay their own electric. Full semi-finished Basement is used for storage & has newly built boiler & mechanical room. New electrical upgrades & meters. Projected rents: $2,000 per apartment monthly; Commercial space: $4,000 monthly; if a 2nd store is designated then can get $2,500 monthly. A projected monthly income of $126,000/Year.
Location
State NY
County Queens
Interior
Fireplace N
Building
Story 3
Others
Special Listing Condition None
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Bought with Century 21 Monticello Realty