Richmond Hill, NY 11418,111-25 Jamaica AVE
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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
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111-25 Jamaica AVE Richmond Hill, NY 11418

1,938 Sqft Lot


UPDATED:

12/16/2024 03:53 PM

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


Listed by HomeCoin.com

Teresa B. Concha

Agent | License ID: 10401382086

+1(917) 442-0766

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111-25 Jamaica AVE