135-04 102nd Avenue, Richmond Hill S., NY, 11419
$3,499,999
Multi Family
Commercial
Details
ML#: 902848
- # of Families: 7
- Sale or Rent:Sale
- Year Built: 2019
- Taxes: $39,199
- Status:Active
Description
Built in 2020, this modern seven-unit free market building offers investors a rare opportunity to acquire a turnkey property in the heart of Queens. Constructed with reinforced concrete for long-term durability and minimal maintenance, the building is fully occupied with excellent tenants who each pay their own utilities, ensuring steady cash flow and low operating expenses. The property enjoys a highly visible location with direct exposure to the Van Wyck Expressway while also being centrally positioned near Jamaica Avenue, Liberty Avenue, Jamaica Hospital, and the Sutphin-Archer Metropolitan Transportation Hub, providing unmatched access to major transit including subway, LIRR, and multiple bus lines. The building generates a gross annual income of $213, 144 with a net annual income of $155, 325, making it an exceptional investment opportunity. With stable tenancy, strong income, and a prime location offering both visibility and accessibility in one of Queens’ most connected neighborhoods, this property is well-positioned to deliver both immediate returns and long-term growth potential.
More Property Details
Lot Size: 0.109
Lot Sq Ft: 4750
Parking Spaces: Yes
Parking Facilities: Assigned, Driveway
Heat: Electric, ENERGY STAR Qualified Equipment
A/C: Central Air, ENERGY STAR Qualified Equipment
Water: Public
Sewer: Public Sewer
Taxes: $39,199
Listing Information provided courtesy of
EXP Realty
888-276-0630