Mixed-Use Building in Richmond Hill, NY

113-19 ATLANTIC AVE, RICHMOND HILL, NEW YORK 11418

Executive Summary:

Price:	$1,999,999
Building Size:	5,544 SF
Property Type:	Mixed-Use
Lot Size:	0.06 Acres
Year Built:	1930
Cap Rate:	6.87%
NOI:	$137,300
Location:	113-19 Atlantic Ave, Richmond Hill, NY 11418

Investment Highlights

For Sale: 4-Story Mixed-Use Building on Atlantic Ave, Richmond Hill, NY
Consisting of (2) Commercial Units, (1) Cell Tower Tenant, and (6) Residential Units
Commercial Tenants are on Leases Through 2029
Corner Location with High Traffic Counts
Short Distance from the Jamaica LIRR Train Station

Investment Summary

American Investment Properties is retained to sell the property located at 113-19 Atlantic Ave, Richmond Hill, NY. This property consists of several residential units, commercial spaces, and has cell tower income. This property is located in a prime location being a short distance from the Jamaica LIRR train station, Jamaica Ave, Liberty Ave, and the Van Wyck Expy.

About Richmond Hill, NY

Richmond Hill is a commercial and residential neighborhood located in the Southwestern section of the New York City borough of Queens. The area borders Kew Gardens and Forest Park to the North, Jamaica and South Jamaica to the East, South Ozone Park to the South, and Woodhaven and Ozone Park to the West. The neighborhood is split between Queens Community Board 9 and 10.