Daniel Gale Sotheby's International Realty

Licensed Associate Broker, GRI, CBR & SRES | Direct: 631.692.9298

Daniel Gale Sotheby's International Realty

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  • This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18, 000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145, 800 Expenses are $28000. Net income is around $117, 800 7.3% cap at the asking price Have additional air rights 4
    111-25 Jamaica Avenue Richmond Hill, NY 11418
    $1,588,000
    Multi Family Commercial ML# H6310943
    This is a mixed use property with 2 retail stores and 2 residential units. All open market. Deli pays $3100 (Have 3 years left) 3% Escalation per year Plus increase of real estate tax Restaurant pays $4800 (Have 7 years left) 3% Escalation per year Plus increase of real estate tax 1 Bedroom pays $1700 have 10 months left 2 Bedroom pays $2550 have 11 months left Taxes around $18, 000 Insurance around $4000 Water & Sewer around $4000 Repairs $2000 All tenants have direct meter and pay for their electricity and gas/heat. Gross Income is $145, 800 Expenses are $28000. Net income is around $117, 800 7.3% cap at the asking price Have additional air rights
    Presented By: HomeCoin.com  (888) 400-2513
    Call Today: (631)-692-9298, or  Email: Jeanne Leonard
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Jeanne Posillico Leonard Licensed Associate Broker Direct: 631.692.9298 jeanneleonard@danielgale.com
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5 Main Street, Cold Spring Harbor, NY 11724 | Direct: 631.692.9298

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Each office is independently owned and operated. We are pledged to provide equal opportunity for housing to any prospective customer or client, without regard to race, color, religion, sex, handicap, familial status or national origin.

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Sotheby's International Realty® is a registered trademark licensed to Sotheby's International Realty Affiliates LLC. Each Office is Independently Owned and Operated.

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Direct: 631.692.9298
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Jeanne Posillico Leonard

Jeanne Posillico Leonard

Licensed Associate Broker

Direct: 631.692.9298 Email:
5 Main Street, Cold Spring Harbor, NY 11724