111-25 Jamaica Avenue, Richmond Hill, NY, 11418
$1,588,000
Multi Family
Commercial
Details
ML#: H6310943
- # of Families: 4
- Sale or Rent:Sale
- Year Built: 1931
- Status:Active
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
More Property Details
Lot Size: 0.0445
Parking Spaces: Yes
Parking Facilities: On Street
Heat: Baseboard, Natural Gas
A/C: None, Wall/Window Unit(s)
Water: Other
Zoning: R6A/C2-4
Listing Information provided courtesy of
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(888) 400-2513