Multi Family
13401 Liberty Avenue
Active · Queens, NY 11419
- Year built
- 1930
- Est. monthly taxes
- $1,888.58
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About this home
PRIME CORNER MIXED-USE ASSET | 6.45% CAP RATE | VALUE-ADD COMMERCIAL INFRASTRUCTURE Exceptional opportunity to acquire a prime 3,340 SF mixed-use property on a high-visibility corner along Liberty Avenue in South Richmond Hill. Offered at $1,495,000 ($447/SF), this asset features a projected $96,357 NOI (6.45% Cap Rate) with significant upside potential. Ground-Floor Commercial (1,840 SF): Delivered vacant and outfitted with critical, high-value second-generation restaurant infrastructure—including pre-existing commercial gas lines, high-capacity hood venting, and walk-in cooler capability. Saves incoming operators or tenants hundreds of thousands in buildout costs. Residential Units (1,500 SF Total): Two spacious 750 SF 2-Bedroom / 1-Bathroom apartments on the upper floor. Unit 1 is delivered vacant and newly renovated, ready for immediate top-of-market leasing. Unit 2 provides steady in-place income on a flexible month-to-month lease. Zoning & Upside: R6B / C2-3 zoning with ~620 SF of unused FAR. Transitioning the commercial space to a Triple-Net (NNN) lease structure pushes projected yields beyond 7.2% Cap Rate. Ideal for owner-operators, value-add investors, or 1031 exchange buyers seeking immediate cash flow along a high-traffic Queens commercial corridor. Close to A-train transit and major thoroughfares.
Listing snapshot
- Days on site
- 59 days
- Listed on MLS
- Mar 9, 2026
- Annual property tax (MLS)
- $22,662.96
- Tax year
- 2025
- Listing brokerage
- Keller Williams Realty Greater
- MLS ID
- KEY969119
- Last updated
- Sep 3, 2026
General features
- Property type
- Multi Family
- Year built
- 1930
- Parking
- On Street
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Sewer Available
Interior features
- Basement
- Full
- Heating
- Natural Gas
- Cooling
- Central Air
Exterior features
- Construction materials
- Brick
Recent activity
- Listing updated from MLS
- First seen on this site
- MLS status changed
Location
Listing data is supplied by the MLS and may change without notice.
