Kathleen Elie
Kathleen Elie
Call: (917) 774-6045
Text: (917) 774-6045
MLS#977741
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Separate Meters
Heating: Oil
Lot Size: 0.06 Acres
Taxes: $24,233
Year Built: 1930
Amenities
First Floor Bedroom
Feature Descriptions
Building Area Total: 4800
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
Tenant Pays: Electricity, Gas
Units: 6
Utilities: Electricity Available
Water: Public
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Estimated Payment
$ 5,541.03 per month $3,113.57 Principal & Interest $2,019.42 Property Tax $408.04 Homeowner's InsuranceChange Payment Information
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
8732 114th Street | MLS# 977741
This multi-family 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.