$1,190,000
Active
1 days on market
12404 Jamaica Ave
📍 Richmond Hill, Richmond Hill, NY 11418
3.0
Beds
2.0
Baths
2,470
Sqft
$482
Per sqft
1920
Year built
Land
Type
About this property
Excellent mixed-use investment opportunity located the busy Jamaica Avenue in the heart of Richmond Hill. This property features a ground-floor restaurant with basement space and two residential apartments on the second floor, offering multiple income streams and approximately $83,000 in annual gross income. The property sits on an approximately 19 x 81 lot with a building size of approximately 19 x 65 and is zoned R6A / C2-4. The ground floor and basement are currently occupied by a restaurant paying $3,530 per month. The commercial tenant is also responsible for the entire building’s real estate taxes and water charges. The current lease is approaching expiration, providing the new
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Amenities & features
Key facts
Zoned r6a c2-4
Strong visibility
1,539 sq ft lot
Property details
Property typeLand
Listing statusActive
Lot size1,539 sqft
Year built1920
Days on market1 days
MLS #1051867
Estimated monthly payment
Listing price$1,190,000
Down payment (20%)$238,000
Loan amount$952,000
Principal & interest (7%, 30yr)$6,333/mo
Property tax (est.)$1,157/mo
Home insurance (est.)$495/mo
Estimated total$7,985/mo
Estimates only. Contact a lender for accurate figures. Does not include closing costs or PMI.