Richmond Hill NY Commercial for Sale

ADDITIONAL INFORMATION

The subject property is a 3 Stories, 3,300 Sq.Ft. 6 Family building located in prime location on Hillside Ave, Off Lefferts Blvd. The building includes (6) One Bedroom Apartments. All aprtments are rented, they have high ceilings, and are in good condition. The boiler is 4 years old and the water heater is 2 years old. All apartments pay for their own electric and cooking gas. The roof is in good condition. The building is located off Lefferts Blvd and is close distance to Subway J & Z Subway Train on the corner of 123 St and Jamaica Ave. There is the Leffers Shopping Center on the corner and it is close to many stores and restaurants and banks. The income is as follows: Apt 1A $1,442 Apt 1B $2,000 Apt 2A $1,400 Apt 2B $1,300 Apt 3A $1,545 Apt 3B $1,297 Monthly Gross Income $9,051 Heat $3,000 Insurance $3,000 Water $2,000 Tax $16,000 Total Net income $84,612 Cap Rate 6%

ADDITIONAL INFORMATION

Welcome to 105-09 Jamaica Ave building for Sale. This property consists of 2 commercial units that are currently occupied by well-established medical tenants with NN leases. Located in the high traffic area in R6A zoning close to public transportation, stores, banks and restaurants, 1 block from J and Z train subway station. Property sits on 18' X 120.5' and there is possibilty of builidng additional 7,337 sq feet for total of 11,757sq feet. Great for Investors who are looking for high return! Do not miss this great opportunity ! * All info needs to be independently verified by the Buyers *

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

This mixed use property offers a promising investment opportunity. The first floor serves as a medical office, making it ideal for healthcare professionals seeking a conveniently located space. With the current market rent, the potential for leasing it to another medical practice or converting it for other commercial uses adds versatility. The second floor features a spacious three bedroom apartment, providing a comfortable living space. This apartment provides presents a steady income stream. The layout and design offer residents a cozy and functional environment, making it appealing to potential tenants. Located right on Jamaica Ave, the property benefits from excellent visibility and accessibility. The vibrant neighborhood provides access to various amenities, including shops, restaurants, and transportation options, enhancing the property's appeal.

ADDITIONAL INFORMATION

Discover a rare investment opportunity in this prime mix-use building, perfectly positioned in a high-traffic, desirable location along Jamaica Avenue. Close proximity to public transportation, ONLY four short blocks to the E & F subway train line at the Jamaica/Van Wyck Station and Van Wyck Expressway. 18 min walk to LIRR and AirTrain. To the west, subway lines J & Z. Large scale new developments surround this ideal site. Some of the prestigious neighboring business include:Jamacia Hospital Medical Center,Starbucks, Walgreens, T-Mobile, Bank of America, Subway, Planet Fitness, Dunkin' Donuts, Go Detox Bar Juice and Grill, Forest Hills Orthopedic Group, Ezra Jack Keats Pre-K Center, Benjamin Moore, Balkan Sewer & Water Main, CVS...This property features a blend of retail and garage, plus two residential apartments above, offering versatile income streams. The ground floor & basement level is occupied by a NFP church since 2017, the garage is vacant and ready for lease, and two 2-bed & 1 full bath walkup apartments. Shared egress driveway for garage access, in rear. The property is ideal for an investor looking to capitalize on a thriving area and current below market rents! Exceptional asset with strong growth potential! See setup attached for financial information.

ADDITIONAL INFORMATION

Apartment Building, APPROX 3500 lot size with approximate 5635sq ft. Property sits on 3522 sq ft corner lot and is zoned R6A,C2-4. Property is conveniently located within steps of J,Z Subway and walking distance to busses, Shopping, Forest Park, Schools

ADDITIONAL INFORMATION

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

ADDITIONAL INFORMATION

for full description see Active Listings at Meridian Investment Sales

ADDITIONAL INFORMATION

Modern Construction Professional Office Condo Unit for Sale next the Heavily Trafficked Metropolitan Avenue. Strong real estate fundamentals. ADA accessible Close Proximity to Kew Gardens LIRR & Multiple lines of transportation. Currently configured as Medical Office and can be converted to any type of professional use. This building is great for Doctors, Educational, Nonprofit, and Professional tenants. Great for any investor or end user. Low taxes and Common charges. Featured commercial Sales. ~Facts: ~Taxes: 21,000 ~HOA 355 ~Bathrooms : 2 ~ 4 Exam Rooms. ~ 2 Consultation Rooms. ~1 Procedure Room. ~Reception. !AC: Electric Split + HVAC ~Heat: Hot Water