Mixed-Use Property with Restaurant
For Sale
$1,495,000
13401 Liberty Avenue, South Richmond Hill, NY 11419
Vacant ground-floor space retains commercial gas lines, hood ventilation and walk-in cooler capability.
Property Size3,340 SF
Price / SF$447.60
Days on Market230
Property Features for 13401 Liberty Avenue
General Information
Standard status
Active
Size
3,340 SF
Property subtype
Commercial
Zoning
R6B
Site & Location
Corner Location
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$1,495,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$22,662
Building Details
Building Size
3,340 SF
Year Built
1930
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Jayla S. Collins
(914) 531-2222
Source:
Clairedleone
Added: Mar 9
Changed: Oct 23
Last Checked: Oct 23 at 5:14PM
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 Keller Williams Realty Greater
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Investment Insights
Based on property information with market context.
This 3,340-square-foot mixed-use property at 13401 Liberty Avenue combines 1,840 square feet of vacant commercial space with 1,500 square feet of residential area. The ground floor includes existing commercial gas lines, high-capacity hood ventilation and walk-in cooler capability. The building dates to 1930.
Two 750-square-foot apartments occupy the upper floor, each with two bedrooms and one bathroom. One apartment is vacant and newly renovated; the other is occupied under a month-to-month lease. The property is on Liberty Avenue in Richmond Hill South, near A-train transit and major thoroughfares.
Two 750-square-foot apartments occupy the upper floor, each with two bedrooms and one bathroom. One apartment is vacant and newly renovated; the other is occupied under a month-to-month lease. The property is on Liberty Avenue in Richmond Hill South, near A-train transit and major thoroughfares.
Key Highlights
- 3,340 SF mixed‑use property with 1,840 SF of ground‑floor commercial space and 1,500 SF of residential area
- Vacant commercial space has existing gas lines, high‑capacity hood ventilation and walk‑in cooler capability
- Two upper‑floor apartments, each 750 SF with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,619
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,380
$1.2M
Cap Rate 7%
$851,700
$851.7K
Cap Rate 9%
$662,433
$662.4K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$100.2K $30.00/SF
− Vacancy
−$15.0K −$4.50/SF
EGI
$85.2K $25.50/SF
− OpEx
−$25.6K −$7.65/SF
NOI
$59.6K $17.85/SF
Area
Queens County, NY
Vacancy
15.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,380
Cap Rate 7%
$851,700
Cap Rate 9%
$662,433
Alternative Uses
Best Use
Retail
$851.7K
$745.2K – $993.7K
NOI $59,619 @ 7.0% cap · market cap 3.99%
Second Best
Mixed Use
$614.1K
$537.3K – $716.4K
NOI $42,986 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,360 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,909
Businesses Nearby
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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
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant ground-floor space retains commercial gas lines, hood ventilation and walk-in cooler capability.
Where is this mixed-use property located?
The property is located at 13401 Liberty Avenue South Richmond Hill, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 3,340 SF mixed‑use property with 1,840 SF of ground‑floor commercial space and 1,500 SF of residential area; Vacant commercial space has existing gas lines, high‑capacity hood ventilation and walk‑in cooler capability; Two upper‑floor apartments, each 750 SF with 2 bedrooms and 1 bathroom
