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$ 1,399,000
Est. payment /mo
Active
8732 114th ST Richmond Hill, NY 11418
2,500 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 977740
Rental Info No
Year Built 1930
Annual Tax Amount $24,233
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Multi Family
Source onekey2
Property Description
87-32 114th St, Richmond Hill, NY Asking: $1,400,000 Prime investment opportunity in the heart of Richmond Hill! This fully brick 6-family building offers strong income and long-term upside potential. The property generates $125,741 in annual rental income with only $46,487 in yearly expenses, making it an attractive asset for both seasoned and new investors. Featuring 2 free market units, this building provides immediate potential for increased cash flow and future rent growth. Well-maintained and solidly built, this property benefits from its full brick construction, offering durability and lower maintenance over time. Conveniently located near transportation, shopping, and major corridors, ensuring consistent tenant demand. Property Highlights: 6 Residential Units 2 Free Market Units (Upside Potential) Full Brick Construction Annual Income: $125,741 Annual Expenses: $46,487 Strong Cash Flow Opportunity Perfect for investors looking to secure a stable, income-producing property in a high-demand Queens neighborhood.
Location
State NY
County Queens
Rooms
Basement Full, Storage Space
Interior
Heating Oil
Cooling None
Fireplace No
Appliance Gas Oven, Refrigerator
Exterior
Parking Features None
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Park Assets Real Estate Corp • Kelvin Mohan
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