Corner Mixed-Use Retail and
120-20 Liberty Avenue Richmond Hill, NY 11419
New
For Lease
$2,980,000 SF/Yr
Fully occupied corner property with three commercial and three residential units, supported by separate meters.
Days on Market5
Property Features for 120-20 Liberty Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1931
Listing Agency:
Century 21 Milestone Team Rlty
(516) 992-2888
Listed By:
Anand Mahadeo ([email protected])
Source:
Iaquintarealestate
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 29 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Milestone Team Rlty
Investment Insights
Based on property information with market context.
This corner mixed-use property includes three commercial units and three residential units, for six total units, all fully occupied. The building is set up with separate meters and is described as a positive cash flow asset. Existing tenant rent includes a scheduled 3% increase for two commercial tenants in January.
The property is positioned for walk-to-subway access and is near multiple major franchise retailers, including McDonald’s, Checkers, Burger King, Dunkin’, and TD Bank/Citi Bank.
Zoning is listed as R6A with C2-3/FAR of 3. Reported income and operating figures include gross rent of $229,320.00 and total expenses of $54,000.00, resulting in NOI of $175,320.00, along with taxes of $41,560.00 and insurance of $5,000.00 (miscellaneous $4,000.00).
The property is positioned for walk-to-subway access and is near multiple major franchise retailers, including McDonald’s, Checkers, Burger King, Dunkin’, and TD Bank/Citi Bank.
Zoning is listed as R6A with C2-3/FAR of 3. Reported income and operating figures include gross rent of $229,320.00 and total expenses of $54,000.00, resulting in NOI of $175,320.00, along with taxes of $41,560.00 and insurance of $5,000.00 (miscellaneous $4,000.00).
Key Highlights
- Fully occupied corner property with 3 commercial and 3 residential units (6 total)
- Separate meters for the units
- Gross rent is $229,320/year ($19,110/month)
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Brooklyn Decor & Events — 3390 Atlantic Ave, Brooklyn, NY 11208
- Victoria Fresh Flowers, INC — 308 Crescent St., Brooklyn, NY 11208
- Liberty Florists — 902 Liberty Ave, Brooklyn, NY 11208
- Fm Fulton Flower — 3330 Fulton St, Brooklyn, NY 11208
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied corner property with three commercial and three residential units, supported by separate meters.
Where is this storefront property located?
The property is located at 120-20 Liberty Avenue Richmond Hill, NY.
What is the lease rate?
The lease rate is $2,980,000.
What are key features of this property?
This property features: Fully occupied corner property with 3 commercial and 3 residential units (6 total); Separate meters for the units; Gross rent is $229,320/year ($19,110/month)
