111-25 Jamaica Avenue, Richmond Hill, NY 11418

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$1,587,000

111-25 Jamaica Avenue, Richmond Hill, NY 11418

bedrooms

bathrooms

square feet

3,283

Acreage

0.0445

Open Houses

year built

1931

Full Baths

Half Baths

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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

Location
Subdivision	-
County	Queens
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: H6310943

Listing agent: Jonathan Minerick #10311209448

Listing broker: Homecoin.Com (888) 400-2513

Last update: Tuesday, April 22 2025 at 3:04 p.m. EDT

Kotohomes National