Price Reduced 0.69%
Price History
$1,599,000
6/4/2024
$1,595,000
7/17/2024
$1,588,000
8/1/2024
111-25 Jamaica Avenue, Queens, (Richmond Hill), NY, 11418
1931
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
Status:
Active
Town:
Queens
Type:
Commercial
Units:
4
Zoning:
R6A/C2-4
Heating:
Natural Gas, Baseboard
Cooling:
None
MLS #:
H6310943
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