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Property Description
Prime 8-Unit Investment Property – 87-87 144th Street, Jamaica, Queens. | Asking: $4,350,000 | Cap Rate: 6.21%
Modern 4-story building + finished cellar built in 2018, featuring 8 units (7 one-bedrooms + 1 duplex with basement and backyard). High 9′ ceilings throughout, quality construction (fireproof masonry & steel) coin-operated laundry in basement.
Gross rental income approx. $300,340/year with net income of $270,590. Units feature granite kitchens, stainless steel appliances, and modern finishes.
Located steps from the F train at Sutphin Blvd, close to JFK Airport, Jamaica Hospital, Van Wyck Expwy, and minutes to Northern Queens and Nassau County.
Great opportunity for long-term cash flow in a growing area.
Features
- Heating System:
- Electric
- Cooling System:
- Wall/window Unit(s), Multi Units
- Basement:
- Finished, Full
- Appliances:
- Microwave, Dryer, Gas Range
- Flooring:
- Hardwood
- Parking Features:
- On Street, Private
- Sewer:
- Public Sewer
- Utilities:
- Electricity Connected, Water Connected, Sewer Connected
Address Map
- City:
- NY
- State:
- NY
- County:
- Queens
Property and Construction
- Development Status:
- Brick, Block
- Agent MlsId:
- 114415
- Office MlsId:
- TEL01
- Number Of Units:
- 8
- Special Listing Conditions:
- No
- Stories Total:
- 4
- Tax Annual Amount:
- $27,175
- Water Source:
- Public
- PhotosCount:
- 1
Commercial Sale For Sale
87-87 144 Street, New York, NY
$3,997,000
Listing ID #855960
Basic Details
- Property Type :
- Commercial Sale
- Property SubType :
- Multi Family
- Listing ID :
- 855960
- Price :
- $3,997,000
- Bathrooms Total :
- 0
- Building Area :
- 6,201 Sqft
- Year Built :
- 2018
- Status :
- Active
- Status :
- Active
- Listing Office :
- Telemundo Realty Corp
- Listing Agent :
- Gladys Ramirez
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
