NY
Queens
Richmond Hill
11419
131-07 Liberty Avenue
131-07 Liberty Avenue, Richmond Hill, NY 11419
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Listing Type
Multi Family
Listing Status
Active
31
$1,050,000

Home Details for 131-07 Liberty Avenue

Price
$1,050,000
Type
Residential Income
Year built
1925
County
Queens
Basement
Full
MLS Listing#
1050040
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!

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • House Interior
    • High Ceilings
  • Parking
    • On Street
  • Basement
    • Full
School Information
School Information for 131-07 Liberty Avenue, Richmond Hill, NY 11419
Elementary School
Ps 55 Maure
Middle School
Redwood Middle School
High School
Hillcrest High School
Listing Courtesy: Winzone Realty Inc - 718-899-7000
Presented by: Ping Sang Cheng
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106-14 Rockaway Blvd., Ozone Park, NY 11417
Office
718 848 5900
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