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    11624 Metropolitan Ave Richmond Hill, NY 11418

    For Sale
    $6,830,629

    100% occupied, net-leased investment with established tenants.

    Property size:
    6,584 SF
    Lot size:
    0.40 Acres

    Property Features for 11624 Metropolitan Ave

    General Information

    Size
    6,584 SF
    Lot size
    0.40 Acres

    Source: NNN Pro Group Agent James Ventura

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Occupied Net-Leased Investment

    This is a fully occupied, net-leased investment property featuring two established tenants. The property offers a passive investment opportunity for landlords. TD Bank National Association, with nearly 25 years of occupancy, provides a corporate guarantee for their lease. The bank branch has deposits of $195,124,000, demonstrating market strength. This represents a 17% year-over-year increase and is the second-highest deposit amount among all banks in the zip code. The property size is 6,584 square feet and is located in Richmond Hill, NY.
    Location Intelligence

    Current Use by Public Records

    Metropolitan Ent Care ... Otolaryngologist Lawrence Blum Ophthalmologist Dr. Lawrence R. ... Optometrist ATM (TD Bank) Atm

    Suggested Use

    Restaurant Law Firm 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
    Richmond Hill
    County
    Queens
    State
    New York
    Longitude
    -73.83583
    Latitude
    40.707183

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    FAQs

    What type of property is this?
    Bank - 100% occupied, net-leased investment with established tenants.
    Where is this bank located?
    The property is located at 11624 Metropolitan Ave Richmond Hill, NY.
    What is the asking price?
    The asking price for this property is $6,830,629.
    What are key features of this property?
    This property features: - TD Bank Corporate Guaranty: Lease is corporately guaranteed by TD Bank National Association.; - Fully Occupied, Stabilized Investment: 100% occupied with established tenants, offering a passive investment.; - High TD Bank Deposits: Impressive deposit amount of $195,124,000 at this branch.
    (332) 345-2408
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    11624 Metropolitan Ave Richmond Hill, NY 11418
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    Richmond Hill, NY 11418
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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
    11624 Metropolitan Ave Richmond Hill, NY 11418
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