111-25 Jamaica AVE Active Save Request In-Person Tour Request Virtual Tour
Richmond Hill,NY 11418
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6310943
Originating Board onekey2
Rental Info No
Year Built 1931
Lot Size 1,938 Sqft
Acres 0.0445
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
Interior
Heating Baseboard,Natural Gas
Cooling None,Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Building
Water Other
Others
Special Listing Condition None