Real Broker, LLC.
Ayres DCunha, Real Broker, LLC.Phone: (917) 620-1671
Email: [email protected]
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listing
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CommercialFor Sale
$1,588,000
111-25 Jamaica Avenue
Richmond Hill, NY 11418
Listed by: HomeCoin.com, 888-400-2513
MLS: OneKey MLS
Est. Mortgage
$8,297/mo

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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Information courtesy of HomeCoin.com is subject to verification and is not guaranteed.
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