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131-07 Liberty Avenue, 
Richmond Hill, NY 11419

$1,050,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Active

Listed by

Ping Sang Cheng

Winzone Realty Inc

Last updated:

October 16, 2026, 11:07 AM

MLS#

1050040

Source:

OneKey MLS

About This Home

131-07 Liberty Avenue

Prime Richmond Hill commercial corridor! High-yield, turnkey mixed-use building featuring an expansive 16’ x 72’ footprint on a high-traffic retail thoroughfare. Major capital upgrades include a brand-new roof and a brand-new heating system, keeping CapEx to a minimum. The ground-floor restaurant features favorable lease terms: tenant pays 35% of property taxes and 75% of water, with built-in 3% annual escalations. The second floor offers a spacious 3-bedroom, 1-bath apartment with separately metered cooking gas and electric paid by the tenant. Exceptionally low property taxes of just $7,315/year. Both units are month-to-month with no active leases, offering ultimate flexibility for an owner-user or an investor looking to immediately optimize rents to current market rates. Low overhead, strong cash flow, and prime commercial visibility. An outstanding investment opportunity!

Home Facts

Multi-Family

Built in 1925

Price Summary

1,050,000

MLS #:

1050040

Last Updated:

October 16, 2026, 11:07 AM

Added:

a month ago

Structure

Structure

Year Built:

1925

Finances & Disclosures

Finances

Price:

$1,050,000

Source:OneKey MLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.