About this property
Brick X-LG Mixed-Use 6 Family + Store w/ Private Parking for 3 Cars!
Built in 2007, this immaculately renovated brick building couldn’t be in a better location in Richmond Hill. This property offers a unique opportunity for investors looking for a terrific turn-key investment with more opportunity to increase the building’s income. 1 block to the J train; 5 blocks to highly revered Forest Park; 8 mins walk to Express buses into Manhattan on Woodhaven Blvd.
– 6 Apartments + 1 Commercial Store (Residential Rent-stabilized Units)
– All Apartments are newly renovated, very high ceilings, private balconies in each unit, tiled floors & granite countertops
– Apartments fully leased paying below market month to month
– Extra Large building! 2BR/1BTH layouts
– Commercial lease expired and is paying month to month
– High foot traffic; located on Jamaica Ave
– Fully finished Basement, HUGE opportunity to rent lower level as a medical office
– Opportunity to rent out 3 parking spaces
– Tenants pay ALL utilities, separate meters for each unit
– Roof done 1 year ago
Lot: 26.23 x 127.51 ft
Bld: 26 x 66 ft
Zoning: R6A, R4, C2-4
FAR: 2.47; Max FAR: 3
This is a fantastic opportunity with a HUGE UPSIDE! Current CAP: 6.2%!
Call TODAY for Complete Set Up!
*Disclaimer: All Information provided is deemed reliable but is not guaranteed and should be independently verified.