$1,849,000
3 Bed • 3.5 Bath • 2,201 Sq. Ft.
158-31 86th Street
Howard Beach, NY 11414
Listed with Century 21 Amiable Rlty Grp II
$1,495,000
Est. $9,453/moRichmond Hill S., NY 11419 · Queens
Know your budget before you tour. Get pre-qualified
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: Sep 18, 2026, 12:09 PM ET. ©2026 One Key MLS.
Estimate your mortgage payment, including the principal and interest, taxes, insurance, HOA, and Private Mortgage Insurance.
Estimated Monthly Payment
Representative rates
Representative rates only, indicative for comparison. Edit the interest rate for your own quote; your lender’s numbers vary with credit, points, and insurance.
Be the first to know when a Queens home hits the market.
Market Insights
Current Listings
New in the last 30 days
12
Sep 2026
Average Price
Active listings
$1,120,546
Sep 2026
Average Days on Market
Active listings
172 days
Sep 2026
Computed from 89 active OneKey MLS listings in Richmond Hill S., NY.
$1,849,000
3 Bed • 3.5 Bath • 2,201 Sq. Ft.
158-31 86th Street
Howard Beach, NY 11414
Listed with Century 21 Amiable Rlty Grp II
$1,065,888
4 Bed • 2 Bath
149-11 16th Road
Whitestone, NY 11357
Listed with Keller Williams Rlty Landmark
$1,899,000
7 Bed • 4 Bath
38-04 111th Street
Corona, NY 11368
Listed with City Homes Realty Group LLC