BEDS0
BATHS
MLS#1050040
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 28
Property Description
Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16' x 72' footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,315/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Taxes: $7,321
Year Built: 1925
Amenities
High Ceilings
Feature Descriptions
Exterior: Brick
Heating Zones: 2
On Market Date: 2026-09-12
Parcel Number: 09568-0046
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Hillcrest High School
Middle School: Redwood Middle School
Elementary School: Ps 55 Maure
School District: Queens 28
Listed By / Shown By
Listing By
Agency Name: Winzone Realty Inc
Agency Contact: 347-267-1323
Shown By
Agent Name: Lynn Witz
Agent Phone: (516) 238-7715
Agency Title: Howard Hanna | Coach Realtors
Estimate Your Payment
Estimated Payment
$ 5,425.63 per month $4,509.30 Principal & Interest $610.08 Property Tax $306.25 Homeowner's InsuranceChange Payment Information
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131-07 Liberty Avenue | MLS# 1050040
This multi-family property located at 131-07 Liberty Avenue , Richmond Hill, NY 11419 is currently listed for sale with an asking price of $1,050,000. 131-07 Liberty Avenue is located within the Queens 28 school district. Search Richmond Hill real estate on www.lynnwitz.com today.