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$1,190,000
1043752 MLS
Excellent mixed-use investment opportunity located the busy Jamaica Avenue in the heart of Richmond Hill. This property features a ground-floor restaurant with basement space and two residential apartments on the second floor, offering multiple income streams and approximately $83,000 in annual gross income. The property sits on an approximately 19 x 81 lot with a building size of approximately 19 x 65 and is zoned R6A / C2-4. The ground floor and basement are currently occupied by a restaurant paying $3,530 per month. The commercial tenant is also responsible for the entire building’s real estate taxes and water charges. The current lease is approaching expiration, providing the new owner with flexibility to negotiate a renewal or explore other leasing opportunities. The second floor consists of two residential units: * Front Unit: 2 bedrooms, living room, 1 bathroom — $1,550/month * Rear Unit: 1 bedroom, living room, 1 bathroom — $1,750/month Residential tenants pay their own electricity and gas. The residential units may be delivered vacant, offering additional flexibility for the new owner. Annual real estate taxes are approximately $6,645, currently paid by the commercial tenant. Located directly on Jamaica Avenue with strong visibility and convenient access to neighborhood shopping, dining, and transportation. Opportunity for investors seeking a mixed-use property with established income, low owner expenses, and future leasing flexibility in a prime Queens commercial location.

12404 Jamaica Avenue, Richmond Hill

$1,088,000
1013526 MLS
Prime mixed-use property located along the bustling Metropolitan Avenue corridor in Forest Hills.. Situated on a 16' x 100' lot (1,600 square feet) with a building size of 16' x 68' (2,176 square feet), this well-maintained building offers an excellent investment or owner-user opportunity. The exterior features aluminum cladding on the first floor and concrete block construction on the second floor. The ground-floor commercial space is currently vacant and in excellent condition, featuring high ceilings, central air conditioning, a half bathroom, and direct access to a fully finished partial basement. The basement includes a recreation area, meter room, and boiler room. The second floor consists of a renovated studio apartment with a full bathroom, currently rented for $1,800 per month. Tenant leaving September 1st. Property will be delivered fully vacant.

107-17 Metropolitan Avenue, Forest Hills

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.