131-07 Liberty Avenue
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!
Broker Details
WINZONE REALTY INC. (718) 899-7000
MLS ID: 184036 State License Number: 10301218354
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,050,000 |
| No. of Units: | 2 |
| Year Built: | 1925 |
| Opportunity Zone: | No |
| Price per unit: | $525,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-MLSLINY-1050040
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