13102-13112 Liberty Avenue South Richmond Hill Queens, Ny

13102-13112 LIBERTY AVENUE SOUTH RICHMOND HILL QUEENS, NY

TEAMPREUSS 13102-13112 LIBERTY AVE S RICHMOND HILL QUEENS, NY 11419

ASKING PRICE $6,300,000

6.0% CAPITALIZATION RATE | $388 PER SQ. FT.

Cushman & Wakefield has been retained on an exclusive basis for the sale of a 14-unit commercial building on the corner of Liberty Avenue and 131st street in South Richmond Hill, Queens. 14-UNIT FULLY-OCCUPIED RETAIL STRIP 138’ OF FRONTAGE ON LIBERTY AVENUE | ON-SITE PARKING The property consists of a mix of retail and office units -in cluding a physical therapist, dance studio, and cardiologist. PROPERTY HIGHLIGHTS On-site parking is conveniently located in the rear of the building for up to 15 cars. BLOCK / LOTS 9591 / 1, 3, 4, 204, 5, 205, 63 13102 Liberty Avenue is located at a four-way traffic light LOT DIMENSIONS 137.44’ X 80’ Irregular, approx. intersection and is surrounded by a dense mix of mixed- LOT SQUARE FOOTAGE 14,411 sq. ft., approx. use, office, and retail buildings including credit tenants such as Metro PCS, Sprint, and Payless. BUILDING DIMENSIONS 119.05’ X 55’ Irregular, approx. sq. ft., approx. The Lefferts Boulevard A Subway station is located a BUILDING SQUARE FOOTAGE 16,200 half-mile west along Liberty Avenue easily accessible via STORIES 2 the Q112 bus line. The property is also in proximity to the COMMERCIAL UNITS 14 Van Wyck Expressway which is located a quarter-mile east. R6B / C2-3 This is a rare opportunity in today’s marketplace with ZONING approximately 138’ of frontage on Liberty Avenue. Investors FAR (AS OF RIGHT) 2.0 also have the opportunity to convert the second floor BUILDABLE SQ. FT. (AS OF RIGHT) 28,822 sq. ft., approx. offices to residential. It enjoys an average of over 8,000 AIR RIGHTS 12,622 sq. ft., approx. cars passing daily and benefits from surrounding residential to support the local businesses. REAL ESTATE TAXES (18/19) $60,489 * ICIP ABATEMENT THROUGH 6/30/20 Site inspections are by appointment only, please inquire within. FOR FURTHER INFORMATION - Click Here for Data Link

13102 - 13112 LIBERTY AVENUE 13102 - 13112 LIBERTY AVENUE ASKING PRICE S RICHMOND HILL, QUEENS NY 11419 $6,300,000

FINANCIAL SUMMARY

RENT ROLL EXPENSES

Unit Tenant LXP Monthly Rent Annual Rent Per Owner Prestwik Circle Corp. 131-02 / 1 FL & BSMT 10/31/22 $5,052.79 $60,633.48 Real Estate Taxes (18/19) actual $60,489.00 (Physical Therapy) Tax Reimbursements ($291.00) 131-02 / 2 FL Airline Offices(1) 1/31/21 $2,472.00 $29,664.00 Insurance approximate, per ownership $7,500.00 Prestwik Circle Corp. 131-04 / 1FL & BSMT 10/31/22 $3,916.73 $47,000.76 (Physical Therapy) Fuel approximate, per ownership $3,500.00 131-04 / 2 FL Nan Wholesalers M-M $2,000.00 $24,000.00 Water / Sewer approximate, per ownership $2,200.00

131-06 / BSMT Dheeraj Cultural Foundation M-M $1,000.00 $12,000.00 Electricity approximate, per ownership $725 .00 Repairs & Maintenance approximate, per ownership $3,500.00 131-06 / 1 FL Sugrim Medical Office, PLLC (2) M-M $3,712.27 $44,547.24

131-06 / 2 FL West Indian Newspaper M-M $800.00 $9,600.00 Total $77,623.00

131-06 / 2 FL Jack Mangra M-M $800.00 $9,600.00

131-08 / 1 FL Sugrim Medical Office, PLLC (2) M-M $3,513.92 $42,167.04 NET OPERATING INCOME

131-08 / 2 FL Nathan Ethan Realty M-M $1,600.00 $19,200 $374,048.96

131-10/ BSMT Nan Wholesalers M-M $400.00 4,800.00

131-10 / 1 FL Sugrim Medical Office, PLLC (2) M-M $3,576.62 $42,919.44

131-10 / 2 FL OWNER-OCCUPIED VACANT $1,600.00 $19,200.00

131-12 / 1 FL Cardiovascular Care (4) 12/31/20 $3,045.00 $36,540.00

131-12/ 2 FL Payless Realty Inc. M-M $1,400.00 $16,800.00

131-12 / BSMT Indo Caribbean Alliance M-M $750.00 $9,600.00

Vacant Land Parking M-M $2,000.00 $24,000.00

Total $37,639.33 $451,671.96 (1) Tenant pays tax increase over base year 6/30/16, 50% prorata share (2) Tenant pays tax increase over base year 6/30/11, 65% prorata share (3) Tenant pays tax increase over base year 6/30/13, 65% prorata share (4) Tenant pays tax increase over base year 6/30/15, 60% prorata share

13102 - 13112 LIBERTY AVENUE

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Coney Island Ave o R Cr L Ocean Ave ei o f p E se ri y Avenue U c y Dr so A seph H Ma vd n v C o l D e J Seagirt B r ro v Re ss

Knapp St l Dr B anne ch Ch Flatbush Ave a Stillwell Ave a y e B B y r w i F d y kawa g Roc Park St e l Dr ne an Ch ch ea B Beech St ky wy Pky P y F hore lt a S Be ckaw ky Ro Leif E Belt P ricson Dr Pow Pky ve /Mia Memorial ky y Emmons A ore P k B Sh P e lt Pky n vd a l d B e h R ac c e l B e y O a h aw S ock y R k

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W 37th St W 36th St O l D ne S an urf A Ch ve h ac Be 13102 - 13112 LIBERTY AVENUE ASKING PRICE S RICHMOND HILL, QUEENS NY 11419 $6,300,000

PROPERTY PHOTOS

13102 - 13112 LIBERTY AVENUE FOR FURTHER INFORMATION, PLEASE CONTACT EXCLUSIVE AGENTS:

STEPHEN R. PREUSS KEVIN SCHMITZ DENISE PREVETE KEVIN LOUIE ANDREAS EFTHYMIOU Senior Managing Director Associate Director Director Associate Director Associate Director (718) 512 2118 (718) 512 2621 (718) 512 2605 (718) 512 2627 (718) 512 2621 [email protected] [email protected] [email protected] [email protected] [email protected]

13102 - 13112 LIBERTY AVENUE, S RICHMOND HILL ASKING PRICE $6,300,000 TEAMPREUSS

118-35 QUEENS BOULEVARD, 14TH FLOOR, FOREST HILLS, NY 11375 WWW.CUSHMANWAKEFIELD.COM