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Single Family House for Sale in Richmond Hill, New York, Queens, NY 11418 | Web ID: 1051867 | $1,190,000

12404 Jamaica Avenue , Richmond Hill , NY 11418

 
Single Family in New York - Jamaica Avenue  Queens, NY 11418
 

Property Description

Excellent Mixed-use Investment Opportunity Located The Busy Jamaica Avenue In The Heart Of Richmond Hill. This Property Features A Ground-floor Restaurant With Basement Space And Two Residential Apartments On The Second Floor, Offering Multiple Income Streams And Approximately $83, 000 In Annual Gross Income. The Property Sits On An Approximately 19 X 81 Lot With A Building Size Of Approximately 19 X 65 And Is Zoned R6a / C2-4. The Ground Floor And Basement Are Currently Occupied By A Restaurant Paying $3, 530 Per Month. The Commercial Tenant Is Also Responsible For The Entire Building’s Real Estate Taxes And Water Charges. The Current Lease Is Approaching Expiration, Providing The New Owner With Flexibility To Negotiate A Renewal Or Explore Other Leasing Opportunities. The Second Floor Consists Of Two Residential Units: * Front Unit: 2 Bedrooms, Living Room, 1 Bathroom — $1, 550/month * Rear Unit: 1 Bedroom, Living Room, 1 Bathroom — $1, 750/month Residential Tenants Pay Their Own Electricity And Gas. The Residential Units May Be Delivered Vacant, Offering Additional Flexibility For The New Owner. Annual Real Estate Taxes Are Approximately $6, 645, Currently Paid By The Commercial Tenant. Located Directly On Jamaica Avenue With Strong Visibility And Convenient Access To Neighborhood Shopping, Dining, And Transportation. Opportunity For Investors Seeking A Mixed-use Property With Established Income, Low Owner Expenses, And Future Leasing Flexibility In A Prime Queens Commercial Location.

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City Richmond Hill
Prop. Type Single Family House for Sale
Tax $6,279.00
Bedrooms 3
Total Baths 2
Full Baths 2
Year Built 1920
Basement Full
Construction Brick
Total Units 2
Lot SqFt 1,539
Cooling Wall/Window Unit(s)
Heat Source Baseboard, Other
Util Incl Electricity Connected, Natural Gas Connected, Water Connected
Days On Market 1
Parking Features None
Tax Assessed Value 59160
Units 2
School District Queens 27
Middle School Jhs 217 Robert A Van Wyck
Elementary School Ps 54 Hillside
High School Richmond Hill High School
Features Other
Listing information courtesy of: Chase Global Realty Corp

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Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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  • 103-13 Queens Blvd., Forest Hills, NY 11375
  • Email: info@realtydepotny.com
  • Phone: 718-896-0777
  • Fax: 718-896-7020

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