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$1,190,000
Est. payment /mo
1,537 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1043752
Rental Info No
Year Built 1920
Annual Tax Amount $6,279
Lot Size 1,537 Sqft
Acres 0.0353
Property Sub-Type Mixed Use
Source onekey2
Property Description
Excellent mixed-use investment opportunity located the busy Jamaica Avenue in the heart of Richmond Hill. This property features a ground-floor restaurant with basement space and two residential apartments on the second floor, offering multiple income streams and approximately $83,000 in annual gross income.
The property sits on an approximately 19 x 81 lot with a building size of approximately 19 x 65 and is zoned R6A / C2-4.
The ground floor and basement are currently occupied by a restaurant paying $3,530 per month. The commercial tenant is also responsible for the entire building's real estate taxes and water charges. The current lease is approaching expiration, providing the new owner with flexibility to negotiate a renewal or explore other leasing opportunities.
The second floor consists of two residential units:
* Front Unit: 2 bedrooms, living room, 1 bathroom — $1,550/month
* Rear Unit: 1 bedroom, living room, 1 bathroom — $1,750/month
Residential tenants pay their own electricity and gas. The residential units may be delivered vacant, offering additional flexibility for the new owner.
Annual real estate taxes are approximately $6,645, currently paid by the commercial tenant.
Located directly on Jamaica Avenue with strong visibility and convenient access to neighborhood shopping, dining, and transportation. Opportunity for investors seeking a mixed-use property with established income, low owner expenses, and future leasing flexibility in a prime Queens commercial location.
The property sits on an approximately 19 x 81 lot with a building size of approximately 19 x 65 and is zoned R6A / C2-4.
The ground floor and basement are currently occupied by a restaurant paying $3,530 per month. The commercial tenant is also responsible for the entire building's real estate taxes and water charges. The current lease is approaching expiration, providing the new owner with flexibility to negotiate a renewal or explore other leasing opportunities.
The second floor consists of two residential units:
* Front Unit: 2 bedrooms, living room, 1 bathroom — $1,550/month
* Rear Unit: 1 bedroom, living room, 1 bathroom — $1,750/month
Residential tenants pay their own electricity and gas. The residential units may be delivered vacant, offering additional flexibility for the new owner.
Annual real estate taxes are approximately $6,645, currently paid by the commercial tenant.
Located directly on Jamaica Avenue with strong visibility and convenient access to neighborhood shopping, dining, and transportation. Opportunity for investors seeking a mixed-use property with established income, low owner expenses, and future leasing flexibility in a prime Queens commercial location.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 28
School District Queens 28
Others
Special Listing Condition None
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Listed by Chase Global Realty Corp • Sophia X. Yao
Nearby School & Business
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