HAB Bank Building in Richmond Hill, NY

11219 Liberty Ave Richmond Hill 11419

11219 Liberty Ave, Richmond Hill, 11419
11219 Liberty Ave, Richmond Hill, 11419 11219 Liberty Ave, Richmond Hill, 11419 11219 Liberty Ave, Richmond Hill, 11419
FOR SALE
Property Type:
Mixed Use
Amount:
$2,425,000
Last Verified:
Jun 13, 2022

> Vacant 960 SF Upstairs Office Space > Great Value Add Or Owner-User Opportunity > Bank Pays All Utilities > Bank Has 7 Year Renewal Option That Runs Until 2031 > Bank Pays 55% of the Property Taxes > Surrounded by Other Neighborhood Retail > Near Subways, Buses & Highways > Property is on a Signalized Intersection

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Map of 11219 Liberty Ave, Richmond Hill, 11419

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.