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120-15 Liberty Avenue 12015 Liberty Ave 2,400 SF 57% Leased Retail Building South Richmond Hill, NY 11419 $2,280,000 ($950/SF)
EXECUTIVE SUMMARY
This offering consists of a 2,400 SF mixed-use building featuring 1,400 SF of ground-floor retail and 1,000 SF of second-floor office space. The property is located midblock on Liberty Avenue between 120th Street and 121st Street in Richmond Hill (Queens), NY. The entire building is currently occupied by a doctor’s office; however, it will be delivered vacant. The property underwent a full renovation in 2015, in- cluding the basement. It offers 19 feet of frontage on Liberty Avenue and sits just one block from the Lefferts Boulevard “A” Train subway station. The surrounding retail corridor includes major national tenants such as TD Bank, Popeyes, Dunkin’ Donuts, T-Mobile, McDonald’s, Checkers, Taco Bell, Burger King, Chase Bank, and Citibank. This is a strong opportunity to acquire a user or value-add property on one of the best and most heavily traveled retail corridors in Richmond Hill, Queens
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1929/2015
Price
$2,280,000
Price Per SF
$950
Percent Leased
57%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.05 AC
Zoning
R6-A - R6 - Medium density residential district
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09558-0035 | Improvements Assessment | $130,230 |
| Land Assessment | $29,250 | Total Assessment | $159,480 |
PROPERTY TAXES
Parcel Number
09558-0035
Land Assessment
$29,250
Improvements Assessment
$130,230
Total Assessment
$159,480
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120-15 Liberty Avenue | 12015 Liberty Ave
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