prime mixed-use building for sale in richmond hill · building located on atlantic avenue between...
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For More Information, Please Contact Exclusive Agent:
Samia FarahDirector of SalesReal Estate [email protected]
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footagesand uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon theseestimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OFINCOME, AND ALL OTHER INFORMATION HEREIN.
Greiner Maltz Investment Properties24-09 38th Avenue
2nd FloorLong Island City, NY 11101
718.786.5050www.greinermaltz.com
PRIME MIXED-USE BUILDING FOR SALE IN RICHMOND HILL
Property Information:
Block/Lot: 9435/6
Lot Dimensions: 20’ x 85’
Lot SF: 1,693
Building Dimensions: 20’ x 55’
Stories: 3
Total Building SF: 3,300
Zoning: R6A, C2-3
F.A.R: 3.00
Assessment (17/18): $958,000
R.E. Taxes (17/18): $6,355
PROPERTY INFORMATION
The subject property is a 3,300 SF mixed-usebuilding located on Atlantic Avenue between117th and 118th Streets. There are a total oftwo (2) apartments and one (1) retail store.The property is conveniently located nearthe J and Z trains at 121st Street Station, theA train at Ozone Park - Lefferts BoulevardStation, and multiple bus lines. This propertyoffers an excellent owner/user/investoropportunity in a prime neighborhood.
ASKING PRICE: $1,299,000
117-12 Atlantic AvenueRichmond Hill, NY 11419
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
NEIGHBORHOOD INFORMATION
Aerial View
TRANSIT MAP
117-12 Atlantic AvenueRichmond Hill, NY 11419
FINANCIAL INFORMATION
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
ACTUAL REVENUE:
Unit LXP Actual Monthly Rent Actual Annual Rent
Store M/M $2,000 $24,000
Apt 1 M/M $1,600 $19,200
Apt 2 M/M $1,600 $19,200
Total: $5,200 $62,400
PROJECTED REVENUE:
Unit LXP Projected Monthly Rent Projected Annual Rent
Store M/M $3,500 $42,000
Apt 1 M/M $2,500 $30,000
Apt 2 M/M $2,500 $30,000
Total: $8,500 $102,000
ESTIMATED EXPENSES:
Real Estate Taxes (17/18): $6,355
Insurance: $2,600
Repairs & Maintenance: $1,000
Gas: $5,000
Water/Sewer: $6,000
Electric (Common): $480
Total: $21,435
FINANCIAL SUMMARY
Gross Annual Income: $102,000
Less R.E. Taxes: $6,355
Less Operating Expenses: $15,080
Net Operating Income: $80,565
117-12 Atlantic Avenue
117-12 Atlantic AvenueRichmond Hill, NY 11419
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildablefootages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependentupon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLYVERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
OTHER DOCUMENT/S
Certificate of Occupancy
117-12 Atlantic AvenueRichmond Hill, NY 11419