13401 Liberty Avenue
Turnkey Mixed-Use Bar & Restaurant + 2 Residential Units | Active NYS Liquor License | 6.1% Pro Form
Marketing description
13401 Liberty Avenue, South Richmond Hill, Queens, NY 11419 Mixed-Use | Fee Simple | 3,340 SF Total | $1,850,000
This is a strongly built, no-friction mixed-use asset on the Liberty Avenue corridor — one of the cleanest turnkey hospitality opportunities currently available in Queens. The property combines an oversized, fully equipped operating bar and restaurant with two residential income units in a single fee-simple transaction.
The 1,840 SF ground-floor space (nearly double the typical Liberty Avenue lot) is delivered complete with commercial-grade kitchen, industrial ventilation, walk-in cooler and freezer, custom bar, DJ/AV infrastructure, full surveillance, and finished basement storage. All furniture, fixtures, equipment, and current liquor inventory transfer at closing, along with the active NYS Liquor License. Buyers gain immediate operational capability with zero build-out or permitting delays.
Upstairs, two 750 SF 2BR/1BA residential units provide immediate income on month-to-month leases with substantial upside to current market rents.
Investment Scenarios
Passive Investor Lease the commercial space at market rate ($68/SF Modified Gross) and stabilize the residential units at ~$2,800 each. This delivers $192,320 gross income, $113,219 NOI, and a solid 6.1% pro forma cap rate. Converting the commercial lease to Triple Net shifts taxes and utilities to the tenant and lifts the yield toward 7.0%.
Owner-Operator Take over the existing bar and restaurant business on Day One. After allocating value to the liquor license, FF&E, and inventory (roughly $280K–$400K), the effective real estate basis drops to approximately $1.45M – $1.57M, producing effective cap rates of 7.2% – 7.8% on the real estate component (higher under NNN).
Located steps from the A Train and JFK AirTrain in high-density South Richmond Hill, this property sits on a busy 24/7 commercial corridor anchored by strong residential demand. Built heavy, fully permitted, and delivered complete — this asset is ready for immediate operation or stabilized income production.
Investment highlights
Active NYS Liquor License Included — Step in on Day One with full legal authority to operate. Transfers an asset valued at $30K–$80K that typically requires 4–6 months for independent approval.
Fully Equipped Turnkey Hospitality Business — All FF&E, commercial-grade kitchen with industrial ventilation, walk-in cooler/freezer, custom bar, professional DJ/AV system, surveillance, and current liquor inventory convey with the sale.
Oversized 1,840 SF Retail Footprint — Nearly double the standard Liberty Avenue commercial lot size, delivering rare scale and high-visibility frontage on bustling Liberty Avenue.
Strong Residential Rental Upside — Two 750 SF 2BR/1BA units currently month-to-month with 60%+ upside to market rents of ~$2,800 per unit upon natural turnover.
Prime Transit-Oriented Location — Immediate access to the A Train (Lefferts Blvd) and JFK AirTrain in dense, high-demand South Richmond Hill with consistent foot traffic and tenant demand.
Flexible Investment Paths — 6.1% pro forma cap rate for passive investors; effective 7.2–7.8% cap rates for owner-operators after adjusting for business assets. NNN conversion potential pushes yields toward 7.0%+.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
