131-07 Liberty Avenue
Richmond Hill South, NY 11419

Cross street:131 Street

Property

Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 1212 sq ft

Financials

Price: $1,158,000
Annual Taxes: $6,938

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47-44 Vernon Blvd, Long Island City, NY 11101
Courtesy of New Group Realty Inc

Description

Fantastic investment opportunity in very desired area of Richmond Hill. Mix used property very successful restaurant. Heavy daytime foot traffic, stable cash flow with upside rent growth potential. Commercial space has a 2 years lease remaining and ground floor tenant pays 35% property tax and 75% water bill. Rent per month$3029 (also3% increase every year). 2nd floor 3 bedroom (vacant). Excellent transportation and commuting options available. Tenants pay their own utilities. More than 6% cap...

Fantastic investment opportunity in very desired area of Richmond Hill.


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