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113-19 Atlantic Ave 5,544 SF 100% Leased Retail Building Richmond Hill, NY 11418 $1,999,999 ($360.75/SF) 7.32% Cap Rate
Investment Highlights
- For Sale: 4-Story Mixed-Use Building on Atlantic Ave, Richmond Hill, NY
- Commercial Tenants are on Leases Through 2029
- Short Distance from the Jamaica LIRR Train Station
- Consisting of (2) Commercial Units, (1) Cell Tower Tenant, and (6) Residential Units
- Corner Location with High Traffic Counts
Executive Summary
American Investment Properties is retained to sell the property located at 113-19 Atlantic Ave, Richmond Hill, NY. This property consists of several residential units, commercial spaces, and has cell tower income. This property is located in a prime location being a short distance from the Jamaica LIRR train station, Jamaica Ave, Liberty Ave, and the Van Wyck Expy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,544 SF
Building Class
C
Year Built
1930
Price
$1,999,999
Price Per SF
$360.75
Cap Rate
7.32%
NOI
$146,300
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.23
Lot Size
0.06 AC
Zoning
R5, Queens
Frontage
25’ on Atlantic Ave
Amenities
- Corner Lot
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09320-0117 | Improvements Assessment | $202,144 |
| Land Assessment | $8,271 | Total Assessment | $210,415 |
Property Taxes
Parcel Number
09320-0117
Land Assessment
$8,271
Improvements Assessment
$202,144
Total Assessment
$210,415
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113-19 Atlantic Ave
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