Project Description

For Sale: HAB Bank Building in Richmond Hill, NY

112-19 Liberty Ave, Richmond Hill, NY 11419

Executive Summary:

Price: $2,425,000
Building Size: 2,960 SF
Property Type: Retail & Office
Lot Size: 0.08 Acres
Year Renovated: 2010
Cap Rate: 6.78%
NOI: $164,483
Location:
11219 Liberty Ave
Richmond Hill, NY 11419

Investment Highlights

  • Vacant 960 SF Upstairs Office Space
  • Great Value Add Or Owner-User Opportunity
  • Bank Pays All Utilities
  • Bank Has 7 Year Renewal Option That Runs Until 2031
  • Bank Pays 55% of the Property Taxes
  • Surrounded by Other Neighborhood Retail
  • Near Subways, Buses & Highways
  • Property is on a Signalized Intersection

Investment Summary

American Investment Properties is exclusively retained to sell 112-19 Liberty Ave in Richmond Hill, New York. At this location is a Habib American Bank on the first floor with an available 960 SF office space above. This is a great value-add or owner-user opportunity in a prime location on Liberty Ave. Upstairs office use would be great for real estate, attorney, or other boutique professional services.

About Richmond Hill, NY

Richmond Hill is a neighborhood located in the central-southern New York City borough of Queens. It is split between Queens Community Board 9 and 10. The neighborhood is surrounded by Kew Gardens to the north, Woodhaven and Ozone Park to the west, South Ozone Park to the south, and South Jamaica to the east. Richmond Hill is now a residential area. It is particularly favored by Europeans who find the homes and streets not dissimilar to their surroundings in their original homes.

Many German, Italian, and Irish families had originally lived in Richmond Hill. Today, the neighborhood has many Punjabis, Trinidadians, Hispanics, Guyanese, South Asians, and Europeans living in the community, but the majority of its population are Guyanese which the area is often thought of as “Little Guyana”. Richmond Hill just like other Queens communities is served by the New York City Department of Education. There are several student opportunities in the Elementary and Middle schools in the area.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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