Listed by American Investment Properties
$1,999,999
Mixed-Use Building in Richmond Hill, NY
Details
Property Type Retail, Multifamily
Square Footage 5,544
Cap Rate 7.32%
NOI $146,300
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $361
Class C
Year Built 1930
Buildings 1
Acreage 2483.000
Zoning R5, Queens
Ground Lease No
Fully-Occupied Investment Opportunity
Marketing description
American Investment Properties is retained to sell the property located at 113-19 Atlantic Ave, Richmond Hill, NY. This property consists of several residential units, commercial spaces, and has cell tower income. This property is located in a prime location being a short distance from the Jamaica LIRR train station, Jamaica Ave, Liberty Ave, and the Van Wyck Expy.
Investment highlights
• For Sale: 4-Story Mixed-Use Building on Atlantic Ave, Richmond Hill, NY
• Consisting of (2) Commercial Units, (1) Cell Tower Tenant, and (6) Residential Units
• Commercial Tenants are on Leases Through 2029
• Corner Location with High Traffic Counts
• Short Distance from the Jamaica LIRR Train Station
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,300.00
$12,191.67/mo
Valuation Metrics
0
DSCR
7.32%
Cap Rate
7.32%
ROI
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Property History
Tax History
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