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Mixed-Use

120-08 and 120-10 Liberty Avenue

120-08 Liberty Ave, Queens, NY 11419

Listing Price: $3,900,000

Cap Rate
3.75%
Gross SF
6,460
Rentable SF
6,460
Price/Gross SF
$603.72
Lot Size
0.10 acres
Year Built
1920

Investment Overview

The subject offering is two adjacent mixed-use buildings with a total of 6,460 square feet located mid-block on Liberty Avenue between 120th street and 121st street in Richmond Hill (Queens), NY.   The property consist of four units with two ground-floor tenants and two office tenants. The building is 75 percent occupied with one vacant office space. 99 Cent deal has been at this location for over 20 years paying rent on a month-to-month lease. Fashion Spot has been a tenant for the last 10 years paying rent on a month-to-month lease.  Affinity Health Plan is currently paying rent on a month-to-month lease. All three tenants are currently looking for new leases.   The property offers a rare 40 feet of frontage on the best retail/most heavily traveled stretch in Richmond Hill.   The property is two blocks from the Lefferts Boulevard Subway Station – “A” Train. And it is surrounded by local and national retailers TD Bank, Walgreens, Popeye’s, Dunkin Donuts, T-Mobile, McDonalds, Checkers, Taco Bell, Burger King, Chase Bank, and Citibank.

Investment Highlights

  • 6,460 Sf of Commercial Space
  • 40 feet of frontage on Liberty Avenue
  • One block from the A train

Exclusively Listed By

Financing By

Mixed-Use

120-08 and 120-10 Liberty Avenue

Listing Price: $3,900,000

Cap Rate
3.75%
Gross SF
6,460
Rentable SF
6,460
Price/Gross SF
$603.72
Lot Size
0.10 acres
Year Built
1920

Investment Highlights

  • 6,460 Sf of Commercial Space
  • 40 feet of frontage on Liberty Avenue
  • One block from the A train

Investment Overview

The subject offering is two adjacent mixed-use buildings with a total of 6,460 square feet located mid-block on Liberty Avenue between 120th street and 121st street in Richmond Hill (Queens), NY.   The property consist of four units with two ground-floor tenants and two office tenants. The building is 75 percent occupied with one vacant office space. 99 Cent deal has been at this location for over 20 years paying rent on a month-to-month lease. Fashion Spot has been a tenant for the last 10 years paying rent on a month-to-month lease.  Affinity Health Plan is currently paying rent on a month-to-month lease. All three tenants are currently looking for new leases.   The property offers a rare 40 feet of frontage on the best retail/most heavily traveled stretch in Richmond Hill.   The property is two blocks from the Lefferts Boulevard Subway Station – “A” Train. And it is surrounded by local and national retailers TD Bank, Walgreens, Popeye’s, Dunkin Donuts, T-Mobile, McDonalds, Checkers, Taco Bell, Burger King, Chase Bank, and Citibank.

Exclusively Listed By

Financing By

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