Richmond Hill, NY 11418,111-25 Jamaica AVE
Richmond Hill, NY 11418,111-25 Jamaica AVE
Richmond Hill, NY 11418,111-25 Jamaica AVE
Richmond Hill, NY 11418,111-25 Jamaica AVE
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$ 1,588,000
Est. payment | /mo

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$ 1,588,000
Est. payment | /mo
Save

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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111-25 Jamaica AVE