131-07 Liberty Avenue, South Richmond Hill, NY 11419

South Richmond Hill
Local realty services provided by:ERA Insite Realty Services
131-07 Liberty Avenue,Richmond Hill, NY 11419
$1,050,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ping sang cheng
Office: winzone realty inc
MLS#:1050040
Source:OneKey MLS

Price summary

  • Price:$1,050,000

About this home

Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16’ x 72’ footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,315/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!

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Home facts

  • Year built:1925
  • Listing ID #:1050040
  • Added:46 day(s) ago
  • Updated:October 29, 2026 at 11:35 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Full

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1925
  • Construction Materials:Brick

Schools

  • High school:Hillcrest High School
  • Middle school:Redwood Middle School
  • Elementary school:Ps 55 Maure

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,050,000
  • Tax amount:$7,321 (2026)

Features and amenities

  • Amenities:High Ceilings

Parking

  • Parking description:On Street
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