135-18 Liberty Ave, South Richmond Hill, NY 11419

⭐Turn-key two-story mixed-use building offering immediate cash flow and long-term growth potential ⭐ This property features a ground-floor commercial unit (1,620 sq ft) currently rented to a stable tenant and a spacious 3br upstairs rented as well. Total gross rent of $80,400/year with NOI supporting a 6.2% cap rate at the asking price. Prime Location & Visibility: Situated on Liberty Ave, a busy retail corridor in Jamaica, Queens, the building enjoys heavy foot traffic and street exposure, driving consistent business for the commercial tenant. It’s steps from transit and area amenities, ensuring high demand for both retail and residential spaces. It boasts separate entrances for the store and residence, central air conditioning in both units, and a full basement accessible to the commercial tenant – ideal for storage or operational use. A private rear yard offers potential outdoor space. Stable Income, Low Maintenance: The current tenants are in place and paying, providing turn-key income from day one. Each unit is metered separately for utilities, minimizing owner expenses . Annual taxes are approximately $19.6K ( ~$1,633/month ), and with no common charges, fixed costs are straightforward. At the $1,390,000 asking price and current rents, the property yields a Cap Rate ~6.18%, with potential upside if rents are brought to market rate. This is a 100% occupied, income-producing asset – an ideal fit for investors seeking stable returns or a 1031 exchange replacement property. The Jamaica/South Richmond Hill area is seeing growth, and mixed-use assets here benefit from both residential appreciation and commercial rent growth. Whether you’re an investor adding to your portfolio or an owner-user (future option to occupy one unit), 135-18 Liberty Ave offers a hassle-free investment with immediate cash flow and excellent future upside. Opportunity: Also available for purchase is the adjacent property (135-20 Liberty Ave), which can be bundled with 135-18 for an even larger investment. The neighboring building features a renovated layout, an upstairs law office tenant, and a rooftop cell tower lease for additional passive income. Acquiring both properties would combine rental streams and expand the footprint to 50’x100’ lot, allowing savvy investors to maximize NOI and take advantage of economies of scale. Don’t miss this rare chance to own a prime mixed-use building in one of Queens’ most active commercial corridors!