131-07 Liberty Avenue, New York, NY, 11419
$1,050,000
activeYear Built
1925
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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 $7,321/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!
Listed by Ping Sang Cheng, Winzone Realty Inc
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