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Queens, Queens, NY 11418
Property Type
Multi Family
Year Built
1930
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.
Queens
Queens
Multi Family
1930
6
1930
Queens
Queens
No Garage, None
Gas Oven, Refrigerator
Full, Storage Space
Yes
Yes - Oil
Total$7,333.66/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 75-40 Austin, #6BL #6BLQueens | 2 BR / 2 BA | $540,000 |
| 73 Austin Street, #2C #2CQueens | 1 BR / 1 BA | $370,000 |
Closed sales recorded by Brown Harris Stevens agents.
Queens, NY, offers a vibrant outdoor lifestyle with sprawling parks like Flushing Meadows-Corona Park and Astoria Park, perfect for biking, sports, and picnics.
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.