4
See all 4 photos
$1,587,000
Est. payment /mo
1,938 Sqft Lot
Price Dropped by $1K
111-25 Jamaica AVE Richmond Hill, NY 11418
How much would you like to offer for this property?
Additional details
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6310943
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1931
Lot Size 1,938 Sqft
Acres 0.0445
Property Sub-Type Multi Family
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
Listed by HomeCoin.com