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4
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
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888-400-2513
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The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than Judys Condos are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Judy Fruitbine
(516) 298-5382
Judy@JudysCondos.com
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Cell: (516) 298-5382
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JUDY FRUITBINE
Licensed Associate Real Estate Broker
Cell:
(516) 298-5382
Email:
jfruitbine@aol.com
317 Jackson Ave. Syosset, NY 11791