13401 Liberty Avenue,Richmond Hill S., NY 11419
Richmond Hill S., NY 11419
Description
PRIME CORNER MIXED-USE ASSET | 6.45% CAP RATE | VALUE-ADD COMMERCIAL INFRASTRUCTURE Exceptional opportunity to acquire a prime 3,340 SF mixed-use property on a high-visibility corner along Liberty Avenue in South Richmond Hill. Offered at $1,495,000 ($447/SF), this asset features a projected $96,357 NOI (6.45% Cap Rate) with significant upside potential. Ground-Floor Commercial (1,840 SF): Delivered vacant and outfitted with critical, high-value second-generation restaurant infrastructure-including pre-existing commercial gas lines, high-capacity hood venting, and walk-in cooler capability. Saves incoming operators or tenants hundreds of thousands in buildout costs. Residential Units (1,500 SF Total): Two spacious 750 SF 2-Bedroom / 1-Bathroom apartments on the upper floor. Unit 1 is delivered vacant and newly renovated, ready for immediate top-of-market leasing. Unit 2 provides steady in-place income on a flexible month-to-month lease. Zoning & Upside: R6B / C2-3 zoning with ~620 SF of unused FAR. Transitioning the commercial space to a Triple-Net (NNN) lease structure pushes projected yields beyond 7.2% Cap Rate. Ideal for owner-operators, value-add investors, or 1031 exchange buyers seeking immediate cash flow along a high-traffic Queens commercial corridor. Close to A-train transit and major thoroughfares.
Details
| MLS # | 969119 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 191 |
| Listing Provided By | Keller Williams Realty Greater | Jayla S. Collins |
Features
| SQ Feet | 3,340 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | R6B |
| Acreage | 0.05 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Available, Sewer Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 229050 |
| Tax Annual Amount | 22662.96 |
Area Information
| State | NY |
|---|---|
| County | Queens |
| City | Richmond Hill S. |
| Zip Code | 11419 |
| Listing VS Median (in 11419) | |
Price: $1,495,000 low | high Med: $917,000 sqft: 3,340 low | high Med: 1,290 $ / sqft: $448 low | high Med: $711 On site: 191 low | high Med: 210 | |
Market Activity 11419
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Richmond Hill S. |
| Zip Code | 11419 |
| Listing VS Median (in 11419) | |
Price: $1,495,000 low | high Med: $917,000 sqft: 3,340 low | high Med: 1,290 $ / sqft: $448 low | high Med: $711 On site: 191 low | high Med: 210 | |
