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Richmond Hill, Queens, NY 11418
Property Type
Multi Family
Central AC
Yes
Year Built
1931
Listing courtesy of Vincent Suresh of Nirvana Realty Inc.
Welcome to this great opportunity to own this Restaurant/bar along with 6 residential apartments. Well equipped and updated in 2020. First floor is the restaurant/bar with public assembly certificate of occupancy designation substantially 50 feet by 50 feet, capacity 250 seated, with fully equipped kitchen. The first floor is Vacant at Present. Rent offers can be at $15,000 to $16,000. Cap rate minimum of 6 to 6.5. Can be used as a restaurant, bar, or club. Restaurant has it's own boiler and water heater. 6 Apartment unit fully rented annual income of $160,200. 6 separate boiler and water heater for residential units, Tenants pay their own electric, heat and cooking gas. Situated in a great location. Close to all major highways, achieving schools , transportation, buses and trains.
0.11 Acres
0
Queens
Richmond Hill
Multi Family
1931
Brick
6
3
1931
Richmond Hill
Queens
Off Street
Convection Oven, Dishwasher, Disposal, Exhaust Fan, Freezer, Gas Cooktop, Gas Range, Refrigerator, Stainless Steel Appliance(s)
Finished, Full, Storage Space
Yes - Central Air, Multi Units
Hardwood, Laminate, Tile
Yes
Yes - Forced Air, Natural Gas, Separate Meters
0
Public
Total$24,585.33/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
117-11/13 Hillside Avenue, Richmond Hill, NY
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