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    119-10 94Th Ave South Richmond Hill, NY 11419

    Sponsored
    For Sale
    Pending
    $1,449,000

    Commercial Sale - Richmond Hill S., NY

    Property size:
    3,540 SF
    Days on Market:
    410
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 119-10 94Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R5, C2-3
    APN
    09437-0005
    Size
    3,540 SF

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1910
    Number of units
    3
    Architectural style
    Other

    vision homes real estate llc (917) 957-9969 [email protected]

    Listing agent Avnish Kumar (718) 480-1231 License #10491209469

    Listing date Nov 22, 2024

    MLS# L3527616 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Hill Mixed-Use Building

    This mixed-use property in Richmond Hill South, NY, features a storefront and two apartments on the second and third floors. The building has been completely renovated and offers separate heating, hot water, and electric meters for each unit, along with new appliances. The building size is 20x55. The property is zoned R5 and C2-3. The total living area is 3540 square feet. The property is close to all amenities and offers a potential business opportunity with a projected income of $114,000 per year and a net income of approximately $100,000 per year, representing a 7% capitalization rate. The three units are currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.827278
    Latitude
    40.693638

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with storefront and two apartments.
    Where is this mixed-use property located?
    The property is located at 119-10 94Th Ave South Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: - Projected Net Income: Approximately $100,000 per year.; - Great 7% Cap Rate.; - Vacant and Completely Renovated.
    (917) 957-9969
    Request Owner's contact information
    119-10 94Th Ave South Richmond Hill, NY 11419
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    South Richmond Hill, NY 11419
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    119-10 94Th Ave South Richmond Hill, NY 11419
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