New York, NY 11419

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,495,000
Annual Taxes:$22,662.96
24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Keller Williams Realty Greater

PRIME CORNER MIXED USE ASSET 6.

View of commercial property, 2 side entrances (1 for tenants and 1 side entry to the bar). Thriving businesses nearby.

View of commercial property, 2 side entrances (1 for tenants and 1 side entry to the bar). Thriving businesses nearby.

View of commercial property, 2 side entrances (1 for tenants and 1 side entry to the bar). Thriving businesses nearby.
Entrance view of the bar
One of many seating areas in the bar
One of many seating areas in the bar
Bar pictured with beautiful backlighting
Spacious bar, 2 rented pool tables which includes upkeep
Back of the restaurant / bar
Fully equipped professional kitchen with working deep freezers, refrigerators, stoves, ovens, cooking supplies, etc.
Fully equipped professional kitchen with working deep freezers, refrigerators, stoves, ovens, cooking supplies, etc.
More storage space in the basement, working office space, walk in freezer, access to utilities, etc.
One of many storage spaces in the basement
Side exit of the restaurant/ bar
Private entry way for tenants.
Stairs leading to the front and rear apartments.
Rear Apt's Living Room. Door to primary bedroom pictured as well.
Rear Apt's Living Room
Rear Apt's Living Room. Door to second bedroom pictured here as well.
Rear Apt's Living Room & Kitchen Entrance
Rear Apt's Recently Renovated Kitchen: new tiles, stove/oven, sink, fridge, cabinets!
Rear Apt's Recently Renovated Kitchen: new tiles, stove/oven, sink, fridge, cabinets!
Rear Apt's recently renovated bathroom
Rear Apt's recently renovated bathroom
Rear Apt's Primary Bedroom
Rear Apt's spacious closet in primary bedroom
Rear Apt's primary bedroom , additional closet pictured as well
Front Apt's primary bedroom
Front Apt's primary bedroom, closet door pictured as well
Front Apt's second bedroom
Front Apt's second bedroom
Front Apt's second bedroom
Front Apt's second bedroom
Front Apt's Cozy dining area next to the kitchen
Front Apt's spacious bathroom
Front Apt's spacious bathroom
Front Apt's spacious bathroom
Front Apt's Kitchen
Front Apt's Kitchen
Front Apt's Bonus room next to the kitchen, space for tv, couch, etc.
Front Apt's Bonus room next to the kitchen, space for tv, couch, etc.
Front Apt's Bonus room next to the kitchen, space for tv, couch, etc.
View of commercial property, 2 side entrances (1 for tenants and 1 side entry to the bar). Thriving businesses nearby.Entrance view of the barOne of many seating areas in the barOne of many seating areas in the barBar pictured with beautiful backlightingSpacious bar, 2 rented pool tables which includes upkeepBack of the restaurant / barFully equipped professional kitchen with working deep freezers, refrigerators, stoves, ovens, cooking supplies, etc.

Description

PRIME CORNER MIXED-USE ASSET | 6.45% CAP RATE | VALUE-ADD COMMERCIAL INFRASTRUCTURE Exceptional opportunity to acquire a prime 3,340 SF mixed-use property on a high-visibility corner along Liberty Avenue in South Richmond Hill. Offered at $1,495,000 ($447/SF), this asset features a projected $96,357 NOI (6.45% Cap Rate) with significant upside potential. Ground-Floor Commercial (1,840 SF): Delivered vacant and outfitted with critical, high-value second-generation restaurant infrastructure—including pre-existing commercial gas lines, high-capacity hood venting, and walk-in cooler capability. Saves incoming operators or tenants hundreds of thousands in buildout costs. Residential Units (1,500 SF Total): Two spacious 750 SF 2-Bedroom / 1-Bathroom apartments on the upper floor. Unit 1 is delivered vacant and newly renovated, ready for immediate top-of-market leasing. Unit 2 provides steady in-place income on a flexible month-to-month lease. Zoning & Upside: R6B / C2-3 zoning with ~620 SF of unused FAR. Transitioning the commercial space to a Triple-Net (NNN) lease structure pushes projected yields beyond 7.2% Cap Rate. Ideal for owner-operators, value-add investors, or 1031 exchange buyers seeking immediate cash flow along a high-traffic Queens commercial corridor. Close to A-train transit and major thoroughfares.

Amenities

  • Electricity Available
  • Sewer Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.