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Mixed-Use

120-16 Liberty Ave

120-16 Liberty Ave, Queens, NY 11419

Listing Price: $1,850,000

Cap Rate
1.87%
Gross SF
3,040
Rentable SF
3,040
Price/Gross SF
$608.55
Lot Size
0.04 acres
Year Built
1931

Investment Overview

The subject offering is a mixed-use building with 3,040 square feet located mid-block on Liberty Avenue between 120th street and 121st street in Richmond Hill (Queens), NY.   The property consist of a ground-floor tenant and one office space. The building is 50 percent occupied with one vacant office space. Paradise Decorators has been a tenant for the last 20 years and are currently paying a covid discounted rent. The lease expires in March of 2023. Paradise Decorators is responsible for heat and electric. Landlord is responsible for water, repairs and maintenance, roof, and taxes   The property offers 20 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

  • 3,040 SF of Commercial space
  • One block from the A train
  • 45+ Years of Ownership

Exclusively Listed By

Financing By

Mixed-Use

120-16 Liberty Ave

Listing Price: $1,850,000

Cap Rate
1.87%
Gross SF
3,040
Rentable SF
3,040
Price/Gross SF
$608.55
Lot Size
0.04 acres
Year Built
1931

Investment Highlights

  • 3,040 SF of Commercial space
  • One block from the A train
  • 45+ Years of Ownership

Investment Overview

The subject offering is a mixed-use building with 3,040 square feet located mid-block on Liberty Avenue between 120th street and 121st street in Richmond Hill (Queens), NY.   The property consist of a ground-floor tenant and one office space. The building is 50 percent occupied with one vacant office space. Paradise Decorators has been a tenant for the last 20 years and are currently paying a covid discounted rent. The lease expires in March of 2023. Paradise Decorators is responsible for heat and electric. Landlord is responsible for water, repairs and maintenance, roof, and taxes   The property offers 20 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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