Nest Seekers

PRIME CORNER MIXED USE ASSET 6.

New York, NY 11419

Listing

Web ID:5330033
Website:https://www.nestseekers.com/5330033

Property

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

Financials

Price:$1,495,000
Annual Taxes:$22,662.96

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
  • 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.

Contact

24-20 Jackson Ave Floor 3 Long Island City, NY 11101, USA
Listing Courtesy of Keller Williams Realty Greater