$1,076,000
6 Bed • 4 Bath6 bd · 4 ba
104-12 220th Street
Queens Village, NY 11429
Listed with Prince & Associates Realty Grp
$1,495,000
Est. $9,453/moRichmond Hill S., NY 11419 · Queens
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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.
Listed with Keller Williams Realty Greater · Jayla S. Collins · Source: OneKey MLS
Information provided by One Key MLS, and is deemed reliable but not guaranteed accurate. Data last updated: Nov 2, 2026, 2:08 PM ET. ©2026 One Key MLS.
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Market insights
Current listings
New in the last 30 days
9
Nov 2026
Average price
Active listings
$1,026,843
Nov 2026
Average days on market
Active listings
187 days
Nov 2026
Computed from 82 active OneKey MLS listings in Richmond Hill S., NY.
$1,076,000
6 Bed • 4 Bath6 bd · 4 ba
104-12 220th Street
Queens Village, NY 11429
Listed with Prince & Associates Realty Grp
$1,325,000
5 Bed • 3 Bath5 bd · 3 ba
46-62 158th Street
Flushing, NY 11358
Listed with Jamie Realty Group
$1,450,000
3 Bed • 2 Bath • 1,207 Sq. Ft.3 bd · 2 ba · 1,207 sqft
6729 165th Street
Fresh Meadows, NY 11365
Listed with Xzeller Realty