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  • 111-25 Jamaica Avenue Richmond Hill, NY 11418
    $1,588,000
    Multi Family Commercial ML# H6310943
    This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18, 000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145, 800 Expenses are $28000. Net income is around $117, 800 7.3% cap at the asking price Have additional air rights
    Presented By: HomeCoin.com  (888) 400-2513
    Call Today: 631-929-8400, 631-291-0340, or  Email: Kelly Redican
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OneKeyâ„¢ MLS The data relating to real estate for sale on this web site comes in part from the OneKeyâ„¢ MLS. Real Estate listings held by brokerage firms other than Realty Connnect USA - Kelly Redican are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Kelly Redican
Kelly Redican
Licensed Real Estate Salesperson Cell: 631-291-0340
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