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MLS ID KEY969119Last updated Sep 3, 2026

Multi Family

13401 Liberty Avenue

Active · Queens, NY 11419

Asking price$1,495,000Request a Showing
Year built
1930
Est. monthly taxes
$1,888.58
Property gallery0 / 42
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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

  1. Listing updated from MLS
  2. First seen on this site
  3. MLS status changed

Location

Queens, NY 11419Show interactive map
13401 Liberty Avenue

Queens, NY 11419

Google Maps directions

Listing data is supplied by the MLS and may change without notice.