Kathleen Elie
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8732 114th Street, Richmond Hill, NY 11418

$1,399,000
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Kathleen Elie
Call: (917) 774-6045
Text: (917) 774-6045

BEDS0 BATHS MLS#977740
STATUSActive PROPERTY TYPECommercial -
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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.

8732 114th Street | MLS# 977740

This commercial property located at 8732 114th Street, Richmond Hill, NY 11418 is currently listed for sale with an asking price of $1,399,000. Search Richmond Hill real estate on kathleenelie.laffey.com today.

Property Features

Property Type: Commercial -
Basement: Yes
Basement: Full, Storage Space
Cooling: None
Heating: Oil
Lot Size: 0.06 Acres
Taxes: $24,233
Year Built: 1930

Feature Descriptions

Appliances: Gas Oven, Refrigerator
Building Area Total: 4800
Cap Rate: 11419
Days on Site: 14
Exterior: Brick
Heating Units: 1
On Market Date: 2026-03-28
Parcel Number: 09303-0019
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 7
Separate Gas Meters: 6
Sewer: Public Sewer
Units: 6
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
Water: Public

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Preferred Communication Method

Listed By / Shown By

Listing By

Agency Name: Park Assets Real Estate Corp
Agency Contact: 718-684-8000

Shown By

Agent Name: Kathleen Elie
Agent Phone: (917) 774-6045
Agency Title: Laffey Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 04/11/2026. The listing information on this page last changed on 04/11/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 04/11/2026 7:57:03 AM EST) or OneKey MLS (last updated Sat 04/11/2026 7:54:11 AM EST). Real estate listings held by brokerage firms other than Laffey Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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