87-87 144 Street new Save Request In-Person Tour Request Virtual Tour
Jamaica,NY 11435
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY855960
Year Built 2018
Annual Tax Amount $27,175
Property Sub-Type Multi Family
Property Description
Prime 8-Unit Investment Property – Jamaica, Queens
87-87 144th Street | 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.
Location
State NY
County Queens
Interior
Heating Electric
Cooling Multi Units,Wall/Window Unit(s)
Flooring Hardwood
Exterior
Parking Features On Street,Private
Utilities Available Electricity Connected,Sewer Connected,Water Connected
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None