111-25 Jamaica Avenue, Richmond Hill, NY, 11418 - MLS# H6310943 - Steven Meyer

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111-25 Jamaica Avenue, Richmond Hill, NY, 11418 $1,588,000

Multi Family Commercial

1 of 4

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

Property Features

Lot Size: 0.0445 Parking Spaces: Yes Parking Facilities: On Street

Appliances & Utilities

Heat: Baseboard, Natural Gas A/C: None, Wall/Window Unit(s) Water: Other

Listing Information provided courtesy of HomeCoin.com 888-400-2513

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- Steven Meyer
- Licensed Real Estate Salesperson
- Cell: (718) 564-9327
- Fax 718-225-3464
- Stevenmeyerhomes@gmail.com
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I want more details about this property: ML#: H6310943, City: Richmond Hill, Price: $1,588,000, Zip: 11418

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS

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