Corner Mixed-Use Retail and
For Lease
$2,980,000
120-20 Liberty Avenue, Richmond Hill, NY 11419
Fully occupied corner property with three commercial and three residential units, supported by separate meters.
Space SizeContact for details
Days on Market40
Property Features for 120-20 Liberty Avenue
General Information
Standard status
Active
Property subtype
Commercial
Zoning
R6A, C2-3
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$41,562
Building Details
Year Built
1931
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 Milestone Team Rlty
(516) 992-2888
Listed By:
Anand Mahadeo (anandmahadeo7@gmail.com)
Source:
Iaquintarealestate
Added: Jul 25
Changed: Aug 26
Last Checked: Sep 1 at 7:23PM
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
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,672
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 35%
Groceries 14%
Electronics 4%
Golden Farms
Groceries
19,299 visits/mo
0.1 miles
BP
Shops & Services
19,220 visits/mo
0.3 miles
Chase Bank
Shops & Services
17,351 visits/mo
0.1 miles
Burger King
Dining
12,433 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
11,640 visits/mo
0.3 miles
Demographics for 11419, NY
47,430
Population
13,607
Households
3.5
Avg Household Size
39
Median Age
21%
College-Educated
73%
High-School Grad
1.1 sq mi
ZIP Area
43,118
Density / Sq Mi
$91,231
Median Household Income
$41,091
Median Earnings
$1,920
Median Rent
$678,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Liberty Florists — 902 Liberty Ave, Brooklyn, NY 11208
- Victoria Fresh Flowers, INC — 308 Crescent St., Brooklyn, NY 11208
- Brooklyn Decor & Events — 3390 Atlantic 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)
