Map
Listed price in listed location currency (USD).
$1,299,000

000

MLS® 1016032

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $24,234
Days Active 26
Lot Size 0.0574 Acres
Approx. Age 1930
MLS® Number 1016032

Property Address: 8732 114th St, Richmond Hill, NY, 11418-2469

Average square foot calculated using Size range provided by listing agent.

Description

**Updated Cap Rate Calculation** * Annual Gross Income: **$125, 741** * Annual Expenses: **$46, 487** * Net Operating Income (NOI): **$79, 254** * Asking Price: **$1, 299, 000** **Cap Rate = NOI ÷ Purchase Price × 100** **$79, 254 ÷ $1, 299, 000 = 6.10% Cap Rate** --- ### Property Remarks Exceptional investment opportunity in the heart of Richmond Hill. This well-maintained 6-unit multifamily apartment building offers approximately 4, 800 SF across three stories on a 0.06-acre lot. Built in 1930 and zoned R4A, the property generates strong annual income of $125, 741 with a net operating income of $79, 254, delivering an attractive **6.10% cap rate** at the asking price. Located in a high-demand rental market with convenient access to transportation, shopping, schools, and major thoroughfares, this asset provides stable cash flow with long-term appreciation potential. Ideal for investors seeking a turnkey income-producing property in a desirable Queens neighborhood.
MLS® Number1016032
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1930
BasementFull, Unfinished, Walk-Out Access
DrivewayOn Street
Garage Spaces
HeatOil
A/CNone

Extras

Price History

Last Sold Price

----

Appreciation

--

Avg. Days Listed

109 days

Today, For Sale for $1,299,000

For Sale · 26 days

$1,299,000

MLS® 1016032

A month ago

Not Sold Yet

June 2026, For Sale for $1,299,000

For Sale · 26 days

$1,299,000

MLS® 1016032

A month ago

Not Sold Yet

March 2026, For Sale for $1,399,000

For Sale · 109 days

$1,399,000

MLS® 977740

4 months ago

Not Sold Yet

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties