$1,588,000
111-25 Jamaica AVE Richmond Hill, NY 11418
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$1,588,000
Est. payment /mo
Active
111-25 Jamaica AVE Richmond Hill, NY 11418
UPDATED:
08/01/2024 06:24 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID H6310943
Originating Board onekey
Rental Info No
Year Built 1931
Property Description
This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18,000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145,800 Expenses are $28000. Net income is around $117,800 7.3% cap at the asking price Have additional air rights
Location
State NY
County Queens
Zoning R6A/C2-4
Interior
Heating Natural Gas, Baseboard
Cooling None
Fireplace No
Building
Water See Remarks
Others
Special Listing Condition None
Listed by HomeCoin.com • 888-400-2513
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