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121-20 Liberty Ave 3,274 SF 100% Leased Retail Building South Richmond Hill, NY 11419 $2,400,000 ($733.05/SF) 5.91% Cap Rate
EXECUTIVE SUMMARY
Situated in bustling Richmond Hill, surrounded by shops, Bank, restaurants, and foot traffic. It is only three blocks away from the A Line subway station. Corner Lot, Four Store +Two Family Dwell Mixed Use Building On Prime Location On Liberty Avenue. Perfect for investors looking to maximize potential in a high-demand area. 100% Rented!
First Floor: Verizon Store $6500/M since 12/25, Hair Salon $1800/M, Accounting $1800/M, Consulting $1150/M. Second Floor: Two Families: $1750/M+$3200/M.
Zoning: R6A/C2-3,
CAP Rate: 5.84%.
Taxes -$40,496 Annually
All Information Deemed Reliable. But Not Guaranteed. Prospect Purchaser Shall Verify Information Independently.
First Floor: Verizon Store $6500/M since 12/25, Hair Salon $1800/M, Accounting $1800/M, Consulting $1150/M. Second Floor: Two Families: $1750/M+$3200/M.
Zoning: R6A/C2-3,
CAP Rate: 5.84%.
Taxes -$40,496 Annually
All Information Deemed Reliable. But Not Guaranteed. Prospect Purchaser Shall Verify Information Independently.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$192,600
|
$58.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$192,600
|
$58.83
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $192,600 |
| Annual Per SF | $58.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $192,600 |
| Annual Per SF | $58.83 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,274 SF
Building Class
C
Year Built
1931
Price
$2,400,000
Price Per SF
$733.05
Cap Rate
5.91%
NOI
$141,885
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.88
Lot Size
0.04 AC
Zoning
R6A/C2-3 - R6 - Medium density residential district
Frontage
45’ on Liberty Ave
AMENITIES
- Corner Lot
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Information
- -
- -
- -
Victra doesn't just consider people customers – they strive to treat them as their “guest” when they join them in any of their nearly 1,700 convenient locations. Their knowledgeable and dedicated store consultants and managers offer a full range of wireless devices including phones, tablets, mobile broadband, wearable technology, accessories and product insurance. Getting the best performance for this technology matters, and Verizon delivers.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Information | - | - | - |
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09575-0010 | Improvements Assessment | $337,140 (2025) |
| Land Assessment | $39,150 (2025) | Total Assessment | $376,290 (2025) |
PROPERTY TAXES
Parcel Number
09575-0010
Land Assessment
$39,150 (2025)
Improvements Assessment
$337,140 (2025)
Total Assessment
$376,290 (2025)
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Presented by
City Advance Realty
121-20 Liberty Ave
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