Mixed-Use Property with
12718 Liberty Avenue, South Richmond Hill, NY 11419
For Sale
$1,288,888
The upper level contains two occupied apartments, with one two-bedroom layout and one one-bedroom layout.
Property Size2,050 SF
Price / SF$628.73
Days on Market147
Property Features for 12718 Liberty Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Mixed-Use Components
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Elite Synergy Realty Inc
Listed By:
Sabbir Ahmed · License #10311205876
(516) 567-8600
Source:
Croninreale
Added: Jun 15
Changed: Nov 7
Last Checked: Nov 7 at 5:56PM
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 Elite Synergy Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use property has an occupied store on the ground floor and two residential units above. The apartments comprise one two-bedroom unit and one one-bedroom unit; both are occupied on month-to-month leases. The store is occupied and has an M-M lease.
The property is located at 12718 Liberty Avenue in Richmond Hill S., New York 11419.
The property is located at 12718 Liberty Avenue in Richmond Hill S., New York 11419.
Key Highlights
- Occupied ground‑floor store with an M‑M lease
- Two occupied upper‑floor apartments: one two‑bedroom and one one‑bedroom
- Both residential units are leased month to month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,111
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,220
$1.0M
Cap Rate 7%
$715,871
$715.9K
Cap Rate 9%
$556,789
$556.8K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$94.7K $46.20/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$91.1K $44.44/SF
− OpEx
−$41.0K −$20.00/SF
NOI
$50.1K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,220
Cap Rate 7%
$715,871
Cap Rate 9%
$556,789
Alternative Uses
Best Use
Apartment 5plus
$715.9K
$626.4K – $835.2K
NOI $50,111 @ 7.0% cap · market cap 3.89%
Second Best
Retail
$522.8K
$457.4K – $609.9K
NOI $36,593 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,790 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,713
Businesses Nearby
Explore this area
Business Placement
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
$678,800
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Queens County, NY
Properties on Market for Mixed-use properties in Queens County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper level contains two occupied apartments, with one two-bedroom layout and one one-bedroom layout.
Where is this mixed-use property located?
The property is located at 12718 Liberty Avenue South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,288,888.
What are key features of this property?
This property features: Occupied ground‑floor store with an M‑M lease; Two occupied upper‑floor apartments: one two‑bedroom and one one‑bedroom; Both residential units are leased month to month
