Mixed-Use Corner
For Sale
$1,495,000
13401 Liberty Avenue, South Richmond Hill, NY 11419
Commercial Sale, Richmond Hill S., NY
Property Size3,340 SF
Lot Size0.05 Acres
Price / SF$447.60
Days on Market179
Property Features for 13401 Liberty Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R6B
Rooms
Basement
Parking features
On Street
Basement
Full
Standard status
Active
APN
09502-0046
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22663
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
commercial gas lines
high-capacity hood venting
walk-in cooler capability
Building Details
Year built
1930
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty Greater
(516) 873-7100
Listed By:
Jayla S. Collins
(914) 531-2222
Added: Mar 9
Changed: Sep 3
Last Checked: Sep 3 at 4:06PM
MLS# 969119
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use building contains 3,340 square feet across a commercial ground floor and two residential apartments above. The 1,840-square-foot commercial area is vacant and includes existing natural-gas service, high-capacity hood ventilation, and walk-in cooler capability. The upper level provides two 750-square-foot apartments, each configured with two bedrooms and one bathroom. One apartment is vacant following renovation, while the second is occupied under a month-to-month lease.
The property occupies a corner position on Liberty Avenue in South Richmond Hill. Additional features include brick construction, central air, natural-gas heat, public water and sewer, and on-street parking. The site is near A-train transit and major thoroughfares, with approximately 620 square feet of unused FAR identified in the listing information.
The property occupies a corner position on Liberty Avenue in South Richmond Hill. Additional features include brick construction, central air, natural-gas heat, public water and sewer, and on-street parking. The site is near A-train transit and major thoroughfares, with approximately 620 square feet of unused FAR identified in the listing information.
Key Highlights
- 3,340 SF mixed‑use building with 1,840 SF of ground‑floor commercial space
- Two 750 SF upper‑level apartments, each with 2 bedrooms and 1 bathroom
- Vacant commercial area includes natural‑gas service, hood ventilation, and walk‑in cooler capability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,632,880
$1.6M
Cap Rate 7%
$1,166,343
$1.2M
Cap Rate 9%
$907,156
$907.2K
Market Conditions
NOI Build-Up for 3,340 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$154.3K $46.20/SF
− Vacancy
−$5.9K −$1.76/SF
EGI
$148.4K $44.44/SF
− OpEx
−$66.8K −$20.00/SF
NOI
$81.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,632,880
Cap Rate 7%
$1,166,343
Cap Rate 9%
$907,156
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,644 @ 7.0% cap · market cap 5.46%
Second Best
Retail
$851.7K
$745.2K – $993.7K
NOI $59,619 @ 7.0% cap · market cap 3.99%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,909
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space includes restaurant infrastructure, with two upper-level apartments.
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 building with 1,840 SF of ground‑floor commercial space; Two 750 SF upper‑level apartments, each with 2 bedrooms and 1 bathroom; Vacant commercial area includes natural‑gas service, hood ventilation, and walk‑in cooler capability
