112-02 Liberty Ave., Richmond Hill South, New York 11419 (MLS# 3426877)
Business Opportunity listing in Queens County
Listing ID3426877
Sold For$1,400,000
StatusClosed
Sold Date5/25/2023
Acres
0.040
CountyQueens
Property TypeBusiness Opportunity
Property Sub TypeMixed Use
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.
County
Queens
Property Sub Type
Mixed Use
Property Type
Business Opportunity
Business Located At
112-02 Liberty Ave.
Business Type
Other, Mixed
Current Use
Mixed Use, Residential, Retail
Mls Status
U
Moved From
Queens
Area Units
Square Feet
Square Footage
2800.00
Stories Total
3
Directions
See MapQuest.CORNER PROPERTY ON LIBERTY AVE.&112TH.STREET.
MLS Area Minor
13
Mls District Code
27
Township
Queens
Business Parking Spaces
1
Flood Zone Report
no
Lot Size Area
0.04
Lot Size Source
Other
Lot Size Square Feet
1798
State Or Province
NY
Contract Price
1400000.00
Gross Income
85200
High Price Dollars
1499000
Lease Expiration
2026-05-22T00:00:00+00:00
Modifications Exclusions
None
Net Operating Income
70200
Potential Rental Income
yes
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