Courtesy of: Jayla S. Collins, Keller Williams Realty Greater, sellwithjayla@kw.com
Courtesy of: Jayla S. Collins, Keller Williams Realty Greater, sellwithjayla@kw.com
$1,495,000
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Lot: 0.05 Acres
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Other
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$1,495,000
13401 Liberty Avenue 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.
Courtesy of: Jayla S. Collins, Keller Williams Realty Greater, sellwithjayla@kw.com
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